Managerial Finance features an unusually robust integration of theory and practical application. Development of financial “intuition” and the ability to successfully apply learning to new situations is the primary goal of the book. Consequently, the learning strategy first encourages students to understand concepts before equations and discussion of operations are presented. To support the development of financial intuition, each core theoretical concept is supported by numerically based applications. All theory and application are presented in the context of decision making within an ethical stakeholder model.