Key Concepts and Skills -Know how to standardize financial statements for comparison purposes Know how to compute and interpret important financial ratios Know the determinants of a firm's profitability and growth Understand the problems and pitfalls in financial statement analysis2 Key Concepts and Skills n Know how to standardize financial statements for comparison purposes n Know how to compute and interpret important financial ratios n Know the determinants of a firm’s profitability and growth n Understand the problems and pitfalls in financial statement analysis