Business ratios are the figures that provide management with targets and standards for their organisation. They direct businesses towards the most beneficial long-term strategies, as well as towards effective decision making. This book enables managers of different functions to work together towards achieving business goals. It links the return on financial resources into the day-to-day operating parameters of the business - skills which any manager from any background can implement INDICE Part I Foundations 1 Background 2 Financial statements 3 Balance sheet terms 4 Profit and loss account Part II Operating Performance 5 Measures of performance 6 Operating performance 7 Performance drivers Part III Corporate liquidity 8 Cash flow cycle 9 Liquidity 10 Financial strength 11Cash flow Part IV Determinants of corporate value 12 Corporate valuation 13 Financial leverage 14 Growth Part V Management Decision-Making 15 Cost, volume and price relationships 16 Investment ratios 17 Shareholder value added (SVA) 18 Acquisition analysis