With more than half a million copies in nine languages over the past 39 years, this best-selling guide to financial analysis has consistently provided the student of business, financial analyst, and business executive with a concise, practical, usable, and up-to-date overview of key financial/economic analysis tools. Its unique presentation format was always carefully designed to help the reader understand the linkage between management decisions and their impact on the financial performance and economic value of a business. Every technique and measure is described and demonstrated in the context of the key underlying financial and economic concepts, but without delving into theoretical abstraction. The book helps the reader interpret financial reports, develop basic financial projections, evaluate business investment decisions, assess the implications of financing choices, derive the value of a business or a security, and understand the role of analysis in achieving the goal of shareholder value creation.
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