UNDERSTANDING FINANCIAL STATEMENTS AND CORPORATE ANNUAL REPORTS

Even the small stockholder is confronted with financial statements and annual reports and should understand what they are all about. This book is for them as well as for professionals in the field of investment. The author, a professor in the Amos Tuck School of Business Administration at Dartmouth, has brought the subject within the understanding of the average investor -- and the result should be a sounder approach to the flood of rumors, tips, etc. that are prevalent in days of an active stock market. Facts, figures, analyses of reports are brought into focus and help explain the facts behind the figures, what makes a successful business. Here are the salient factors in the financial world, earnings, dividends, efficient management, inventories, capitalization and their interrelationship. A limited, specialized market.