This second edition is written readers who crave real world learning. Professor DePamphilis has filled this book with updated cases and grounded models which reflect the theoretical underpinnings of the field. Expanded usage of "key idea" section headings enable the student to understand more easily the key point in each section of each chapter. Chapter 5 provides a detailed listing of questions commonly used to evaluate target firms doing due diligence. A primer on using financial ratios in Chapter 8 has been extended to include a convenient summary of commonly used financial ratios and suggestions as to how they may be used to evaluate target firms. The accompanying CD includes a set of Excel spreadsheets that supplements Chapter 8. An Instructor's manual, available on the web, contains suggested learning objectives, chapter presentations for creating lectures or providing students with study guides, more than 750 test questions and answers (including true/false, multiple choice, essay questions, and practice problems), and solutions to all chapter business case studies in the book. The manual also contains detailed course syllabi that have been used extensively for both undergraduate and graduate classes and suggested ways for teaching the materials.Includes 18 new case studies; all 70 cases have been updatedInstructor's Manual available on the web; includes practice problems and solutionsAccompanying CD includes a set of Excel spreadsheets that will supplement Chapter 8