All too often, financial statements conceal more than they reveal.
Even after the recent economic crisis, those analyzing financial
statements face serious new concerns and challenges. The Fourth
Edition of Financial Statement Analysis skillfully puts this
discipline in perspective, and now, with this companion Workbook,
you can hone your skills and test the knowledge you’ve gained from
the actual text, before putting them to work in real-world
situations.
Question-and-answer sections within this Workbook
correspond to each chapter of Financial Statement Analysis,
Fourth Edition. Part One (Questions) provides chapter-by-chapter
fill-in-the-blank questions, as well as financial statement and
computational exercises. They are designed to be thought-provoking
and require analysis and synthesis of the concepts covered in the
book. The answers to all questions, which can be found in Part Two,
are provided in boldfaced italic type in order to facilitate the
checking of answers and comprehension of material.
By enhancing your understanding of financial statement analysis,
you can begin to undertake genuine, goal-oriented analysis and
prepare for the practical challenges of contemporary business. This
reliable resource will help you achieve such a difficult goal and
allow you to make more informed decisions–whether you’re
evaluating a company’s stock price or determining valuations for a
merger or acquisition.
Table des matières
Preface ix
Acknowledgments xi
Part One Questions
Questions on Each Chapter 3
Financial Statement Exercises 39
Computational Exercises 83
Part Two Answers
Answers to Questions on Each Chapter 105
Financial Statement Exercises 139
Computational Exercises 167
A propos de l’auteur
MARTIN FRIDSON is CEO of Fridson Investment Advisors, an
investment management firm specializing in corporate credit
opportunities. Over a twenty-five-year span with brokerage firms
including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he
became known for his innovative work in credit analysis and
investment strategy. Fridson has served as president of the Fixed
Income Analysts Society, governor of the Association for Investment
Management and Research (now CFA Institute), and director of the
New York Society of Security Analysts.
FERNANDO ALVAREZ is currently an Adjunct Associate
Professor of Finance and Economics at the Columbia University
Graduate Business School, where he teaches entrepreneurship
finance. From 2003 to 2008, he was associate professor in the
Finance and Economics Department and director of entrepreneurship
programs at Rutgers Business School, Newark and New Brunswick.
Alvarez has taught at New York University’s Stern School of
Business where he was associate professor on innovation and
entrepreneurship, and Babson College where he was assistant
professor of finance.