Understanding Financial Ratios In Business-----jaico
Financial statements cannot be intelligently analyzed without ratio analysis. They:
— Assist in analyzing the performance of the company and comparing the performance with that of other similar companies;
— Highlight the relative strengths and weaknesses of a company - whether
it is profitable, financially sound or in a state of decline;
— Help in determining whether the company has earned sufficiently on the funds invested and its debt servicing ability;
— Enable the forecasting of future performance.
This book written for businessmen, financial managers, investors and
students has been published in England and in India. In this completely
revised reprint, Raghu Palat explains the magic of ratio analysis
clearly and lucidly in non technical language with several examples.
This book is recommended reading in several universities in the United
States and in India and has been hailed as a “must read” and “a boon for
financial analysis” by the Financial Press.
