This book is an essential tool for any well-structured financial portfolio, providing a clear analytical framework to interpret the often misleading figures presented by companies. Financial statement analysis is used, for example, to assess a company’s stock price or determine the fair value of a merger or acquisition. Each chapter is paired with Q&A exercises designed to encourage analysis and synthesis of the concepts covered in the main text. A comprehensive answer section in the second half of the book helps explain common pitfalls and deepens understanding.
