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Modern approach at financial problems
With the advent of technology and need to tighten shipsdue to competition, financial management became as much a science as art. Efficient allocation of funds became imperative. Modern approach is ananalytical way of looking at financial problems of a firm with the main concerns such as:
1. What is the total volume of funds committed?
2. What specific assets should be acquired or divested?
3. How should the funds required be financed and from which markets?
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are footnotes important in analysing ratios
Assume that you hold a piece of land in the City of London that you may wish to sell in one year. Like a U.S. resident, we are concerned along with the dollar value of the land. Su
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