How Finance Works: The HBR Guide to Thinking Smart About the Numbers by Mihir Desai
"Play detective and create a narrative"
Debt/EBITDA ratio combine sinfo from balance sheet and income sheet.
Lure for pharmaceutical LBO - leveraged Buyout strong cash flows, predictable sales, cost-cutting opportunities and solid balance sheets
Formulas, Reflections and Real-World perspectives
Industries
Explains interesting and intriguing numbers.
Blind tasting of companies
Timberland ROE from 1994 to 1998 show how ROE can be influenced by leverage (why we need ROC) and how the company did a turn around where its ROE doubled compared to the industry average when it started coming from the right sources - profitability instead of leverage or productivity.
Quiz in the end
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