Security Analysis: Interpretation of Financial Statements

adjustments affiliates allowance amortization amount analyst average balance sheet basis bonds book value Building Materials Comp calculated capital gains cash items certificates of necessity Code common stock company's Copper cost credits current assets current liabilities current ratio December 31 decline deduction depletion depreciation charges determine discount dividends earned surplus Electric equity estimated example excess expenses FIFO financial statements fixed assets Ford Motor Company funds Government securities growth included income account income per share income statement income taxes intangibles interest inventories investment investors issues leases LIFO LIFO method liquid long term debt loss Machinery ex manufacturing corporations market price ment million Motors net income normal notes Oil Composite Olen parent company payments percentage period permitted preferred stock price earnings ratio profits provisions receivables reported earnings represent reserve accounts result Retail Composite retained earnings security analysis sell share subsidiaries substantial tax purposes taxable Textiles tion utility valuation