All too often, financial statements conceal more than they reveal.Even after the recent economic crisis, those analyzing financialstatements face serious new concerns and challenges. The FourthEdition of Financial Statement Analysis skillfully puts thisdiscipline in perspective, and now, with this companion Workbook,you can hone your skills and test the knowledge you've gained fromthe actual text, before putting them to work in real-worldsituations.Question-and-answer sections within this Workbookcorrespond to each chapter of Financial Statement Analysis,Fourth Edition. Part One (Questions) provides chapter-by-chapterfill-in-the-blank questions, as well as financial statement andcomputational exercises. They are designed to be thought-provokingand require analysis and synthesis of the concepts covered in thebook. The answers to all questions, which can be found in Part Two,are provided in boldfaced italic type in order to facilitate thechecking of answers and comprehension of material.By enhancing your understanding of financial statement analysis,you can begin to undertake genuine, goal-oriented analysis andprepare for the practical challenges of contemporary business. Thisreliable resource will help you achieve such a difficult goal andallow you to make more informed decisions--whether you'reevaluating a company's stock price or determining valuations for amerger or acquisition.

Preface ixAcknowledgments xiPart One QuestionsQuestions on Each Chapter 3Financial Statement Exercises 39Computational Exercises 83Part Two AnswersAnswers to Questions on Each Chapter 105Financial Statement Exercises 139Computational Exercises 167