 | Financial Statement Analysis
AFTER STUDYING THIS CHAPTER YOU SHOULD BE ABLE TO: - Use a firm's income statement, balance sheet, and statement of cash flows to calculate standard financial ratios.
- Calculate the impact of taxes and leverage on a firm's return on equity using ratio decomposition analysis.
- Measure a firm's operating efficiency by using various asset utilization ratios.
- Identify likely sources of biases in conventional accounting data.
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