Financial statement analysis is the art of analyzing and interpreting financial statements. One major objective of financial statement analysis is to “understand the numbers” or “get behind the figures” - that is, to employ the tools of financial analysis as an aid to understanding reported financial data and then use that understanding to better manage a business. We can develop various analytical measures to portray meaningful relationships and extract information from raw financial data. In the final analysis, informed decision- making is the overriding goal of financial statement analysis.