Ray Dittmore (1 results)

Hardcover. Condition: Fine. Dust Jacket Condition: Very Good. 1st Edition. Stated First Edition. I'm going to give this book a rare Fine rating, as I really can't find a flaw, minor or otherwise. You can take a look at the photographs of the covers. The interior of the book looks perfect. I didn't see any soiling at all. The pages are very bright. No one has written their name or anything else anywhere in the book. There aren't any markings or attachments. There aren't any creases or dogeared corners. You can see the dust jacket in the first three photographs. It is NOT price-clipped. The flaps are in excellent condition. A small pot of the light green color on the front cover is rubbed off near the top edge and there is a small tear at the bottom of the spine. That's about it. The dust jacket will be fitted with a protective cover. From the dust jacket flap 'A definitive and entirely comprehensive investigation backed by years of personal experience into formulating the basic proper rate of return for a telephone company. Ray H. Dittmore, president and chairman of the board of Universal Telephone, spells it out in step-by-step expansion and takes the interested, whether laymen or professional, through what he has determined is a constant rate of return, applying this to equity, debt and total capital, and what happens if that constant isn't met. Within this determination are charted and formulated examples of how to set up a debt-equity ratio so that the company owner receives the same return on his total capital regardless of his debt-equity ratio, thus eliminating any need of leverage formulas. It's all here. Precise formulation; clearly crafted charts; specific tables. A perfect line open to the profit motive needed in considering operating a telephone company'.