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Analyzing financial statements is one of the most important tools professional investors and corporate finance executives need up-to-date information on. Tackling the changing complexities in the area of financial statement analysis, the new edition addresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models. An important skill that a variety of investment and finance professionals all need, Analysis of Financial Statements, Third Edition helps readers to understand the true state of a company's status.