This material is practical and designed for those who need to read, understand, and analyze financial statements to make better informed business decisions. Financial statement analysis is used to find out what is right or wrong with a company’s financial operations and why. Financial statements become so much more informative when the user analyzes the relationships of particular accounts or groups of accounts in those statements. The information is further enhanced if these analyses are compared over a series of years or to benchmark norms developed from financial statements of a representative sample of several companies in the same industry.