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1、毕业设计（论文）外文翻译外文题目:Enterprisemergerandacquisitionanalysisoffinancialstatements译文题目：企业并购财务报表分析文献出处「《Themodernenterprisefirmncialmanagement》外文作者：JamesC.VanHorne字数统计：英文2907单词，14875字符；中文4855汉字外文文献:EnterprisemergerandacquisitionanalysisoffinancialstatementsCorp
2、oratemergersandacquisitionshavebecomeamajorformofcapitaloperation.Enterpriseuseofthismodeofoperationtoachievethecapitalcostoftheexternalexpansionofproductionandcapitalconcentrationtoobtainsynergies,enhancingcompetitiveness,spreadbusinessplaysaveryimporta
3、ntrole.M&Aprocessinvolvesalotoffinancialproblemsandsolvefinancialproblemsisthekeytosuccessfulmergersandacquisitions.Therefore,itappearsinmergeranalysisofthefinancialproblemstoimprovetheefficiencyofM&Financehasanimportantpracticalsignificance.Weneedtousef
4、inancialratiosinanalyzingfinancialstatements.Theanalysisofcomparativefinancialstatementscannotbemadereallyeffectiveunlessittakestheformofastudyofrelationshipsbetweenitemsinthestatements.Itisoflittlevalue,forexample,toknowthat,onagivendate,theSmithCompany
5、hasacashbalanceofSloooo.Butsupposeweknowthatthisbalanceisonly-IVpercentofallcurrentliabilitieswhereasayearagocashwas25percentofallcurrentliabilities-Sincethebankersforthecompanyusuallyrequireacashbalanceagainstbanklines,usedorunused,of20percent,wecanseea
6、toncethatthefirm'scashconditionisexhibitingaquestionabletendency.Savingtransactioncosts.M&Amarketisessentiallyanalternativeorganizationtorealizetheinternalizationofexternaltransactions,asappropriateunderthetermsoftrade,businessorganizations,thecostmaybel
7、owerthaninthemarketforthesametransactioncosts,therebyreducingproductionandoperationthetransactioncosts.Toreduceagencycosts.Whenthebusinessseparationofownershipandmanagement,becausetheinterestsofcorporatemanagementandbusinessownerswhichresultedininconsist
8、enciesinagencycosts,includingallcontractcostswiththeagent,theagentmonitoringandcontrolcosts.Throughacquisitionsoragencycompetition,theincumbentmanagersoftargetcompanieswillbereplaced,whichcaneffectivelyreducetheagencycosts
