Merrill Lynch – How to Read a Financial Report
If you are one of the many people who are intimidated by such compilations of figures as the Federal budget or the annual report of a large corporation, we believe you will find this booklet helpful. For it explains, in clear and simple language, how to interpret the facts and figures in a financial report with a view to determining not only the soundness of the company’s operation but also the attractiveness of its securities. This booklet is not for accountants and others who already know the fundamentals of bookkeeping. Rather it is designed to be useful to the layman who wants to know all he can about the companies in which he owns shares or is considering becoming a stockholder.