Beaver, William H.; Correia, Maria; McNichols, Maureen F. - In: Foundations and Trends(R) in Accounting 5 (2011) 2, pp. 99-173
Financial statement analysis has been used to assess a company's likelihood of financial distress — the probability that it will not be able to repay its debts. Financial statement analysis was used by credit suppliers to assess the credit worthiness of its borrowers. Today, financial...
