Summary |
The object of this book is to provide an exposition of sound Principles for a technique of analysis and interpretation of the financial statements of business enterprises. The methods presented are those which have been devised by analysis over a period of some seventy years, and they have been tested by the author in practice and in the classroom. Particular attention has been given to the limitation of each of the devices discussed and the kind of information that each device yields. It is not intended to prescribe a rigid procedure to be followed in analyzing all enterprises, but rather to equip the reader with analytical tools from among which he may later select such as will be most helpful in any work he undertakes. However, in chapter 14 there is a suggested sequence applied to a series of illustrative cases.
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