譯文（字數 3591）：

財務報表分析

一、財務比率

我們需要使用財務比率來分析財務報表，比較財務報表的分析方法不能真正有效的得出想要的結果，除非采取的是研究在報表中項目與項目之間關系的形式。例如，只是知道史密斯公司在一個特定的日期中擁有10000美元的現金余額，對我們是沒有多大價值的。但是，假如我們知道，這種余額在這種平衡中有4%的流動負債，而一年前的現金余額有25%的流動負債。由于銀行家對公司通常要求現金余額保持在銀行信用度的20%，不管使用或不使用，如果公司的財務狀況出現問題，我們可以立即發現。

我們可以對比比較財務報表中的項目，作出如下結論：

外文原文（字符數 11130）：

作者: C. O. Hardy and S. P. Meech

ANALYSIS OF FINANCIAL STATEMENTS

The Financial Ratios

We need to use financial ratios in analyzing financial statements.The analysis of comparative financial statements cannot be made really effective unless it takes the form of a study of relationships between items in the statements. It is of little value, for example, to know that, on a given date, the Smith Company has a cash balance of $10000. But suppose we know that this balance is only four per cent of all current liabilities whereas a year ago cash was 25 per cent of all current liabilities. Since the bankers for the company usually require a cash balance against bank lines, used or unused, of 20 per cent, we can see at once that the firm's cash condition is exhibiting a questionable tendency. 

We may make comparisons between items in the comparative financial statements as follows: