Analysing financial statements information is one of the most important elements in the process of evaluating business performance. The massive amount of numbers in a company's financial statements can be bewildering and intimidating to the users. Financial ratios enables managers to work with these numbers in an organized fashion. It is against this backdrop that the present book has been penned down to discuss the concept and application of financial ratios in financial analysis process. It discusses the types of financial ratios and their utility in practice. It also analyzes the financial ratios of the corporate enterprises in India in diverse sectors on case basis in order to enable the readers to have a better insight into the decision-making process at various levels. The objective of this book is to provide the readers an opportunity to learn how to compute the financial ratios, where to apply them and when to use them as investment evaluators and others.It is hoped that it would provide a real applied learning to financial ratios to the readers and provide a new perspective to the academic and business fraternity for application of financial ratios in various business situations.