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Corporate Finance & Valuation Intermediate

Financial Statements & Ratio Analysis

Read an income statement and balance sheet, then calculate the ratios analysts use, on a live spreadsheet.

7 lessons 7 labs 1.5 h Certificate

  • One-time payment
  • 14-day money-back guarantee
  • Secure checkout with Stripe

What you'll build

What you will be able to do

Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.

  • Complete Northwind's FY2026 statements and work out the dividend it paid.
  • Express Northwind's numbers as percentages so years and companies become comparable.
  • Measure how much profit Northwind earns on its sales, its assets and its owners' money.
  • Check whether Northwind can pay the bills that fall due within a year.
  • Measure how much debt Northwind carries and how easily it can service it.
  • Find out how many days Northwind's cash is tied up in receivables and inventory.
  • Split Northwind's ROE into margin, turnover and leverage to see what really drives it.

About this course

Financial statements become useful once you know which ratios to calculate and what they reveal. In seven labs you read an income statement and balance sheet, then prepare common-size statements and growth rates to see how the business is changing. Profitability is measured with gross, operating and net margins, return on assets and return on equity. Liquidity follows with the current, quick and cash ratios, and leverage with debt ratios and interest coverage. Efficiency ratios turn receivables, inventory and payables into days and combine them into the cash conversion cycle, and a DuPont analysis breaks ROE into margin, turnover and leverage. For business and accounting students, credit analysts, small business owners and investors.

Curriculum

Course content

7 lessons · 7 labs · 1.5 h · final exam

  1. Reading the income statement & balance sheetLab14 min4 checked tasks
    Unlocked when you buy the course
  2. Common-size & growth analysisLab12 min5 checked tasks
    Unlocked when you buy the course
  3. Profitability: margins, ROA & ROELab14 min4 checked tasks
    Unlocked when you buy the course
  4. Liquidity: current, quick & cash ratioLab12 min4 checked tasks
    Unlocked when you buy the course
  5. Leverage & interest coverageLab12 min4 checked tasks
    Unlocked when you buy the course
  6. Efficiency: DSO, DIO, DPO & cash conversion cycleLab14 min5 checked tasks
    Unlocked when you buy the course
  7. DuPont analysisLab14 min4 checked tasks
    Unlocked when you buy the course
  8. Final exam12 questions, 75% to pass, unlimited retries.

Certificate

Finish with a certificate you can verify

Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.

  • Names the course, your score and the date of issue
  • A verification link for your CV or LinkedIn profile
  • 12 questions, 75% to pass, unlimited retries.

A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.

Illustration. Your certificate shows your own name, course and credential ID.

Before you buy

Questions about this course

Is this a subscription?

No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.

What exactly do I get?

All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.

Can I get a refund?

Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.

When can I start?

Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.

Do I need Excel or other software?

No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.

Is the certificate an official qualification?

No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.

Full details are in our Terms · hello@tutorvo.com

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