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Financial Statement Analysis — Reading 10-K and 10-Q Filings
SEC filings are where the truth lives. The 10-K annual report holds the business overview, risk factors, audited financials, and the MD&A where management explains results; the 10-Q quarterly update reveals trends between annual reports. This module teaches you to calculate and interpret ROE, debt/equity, the current ratio, and inventory and receivables turnover — and what declining gross margins, rising DSO, or auditor disagreements signal about business deterioration before the stock reacts.
⏱ 20 minModule A2.2
// What you'll learn
- SEC filings are where the truth lives.
- The 10-K annual report holds the business overview, risk factors, audited financials, and the MD&A where management explains results; the 10-Q quarterly update reveals trends between annual reports.
- This module teaches you to calculate and interpret ROE, debt/equity, the current ratio, and inventory and receivables turnover — and what declining gross margins, rising DSO, or auditor disagreements signal about business deterioration before the stock reacts.
// Full access
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