A clear and well informed guide for investors, analysts, and students, this newly revised 4th edition answers many questions and challenges in analysing companies and results including: How can anyone tell how well a company is managed and performing? What ratios and indicators are truly useful in assessing performance? How does one decode the real story in a company's reported results? How can companies operating n different sectors—or different countries—be compared? How can danger signs on the corporate horizon be spotted?