Whether you're evaluating a company's stock price, assessing its credit quality, or determining valuations for a merger or acquisition, deciphering the messages embedded within a company's financial statements is critical-especially after the recent demise of so-called "solid" companies. This workbook will help you do this and much more, by allowing you to hone your skills and test the knowledge you've gained from reading Financial Statement Analysis, Third Edition. Question-and-answer sections within this workbook correspond to each chapter of Financial Statement Analysis, Third Edition, so you can use this guide in conjunction with the actual text. Alternatively, you can use the self-administered tests that are also a part of this workbook to independently practice the skill of reading and understanding financial statements. Either way, using the Financial Statement Analysis Workbook will help you expand your skills in reading and analyzing financial statements-so you can successfully put your hard-won knowledge to work in the real world.

MARTIN FRIDSON is Managing Director at Merrill Lynch & Company and a member of Institutional Investors All-America Fixed Income Research Team. His other books include How to Be a Billionaire, It Was a Very Good Year, and Investment Illusions, all published by Wiley. He is a past governor of the Association for Investment Management and Research.