This document provides an overview and analysis of financial statements and financial ratios. It begins with definitions and comparisons of key financial statements (balance sheet, income statement, cash flow statement) and accounting standards (HGB, IFRS, US-GAAP). Next, it describes types of financial ratios and their categories. Finally, it provides two case studies analyzing automaker ratios from 2015 and Volkswagen Group ratios from 2006-2016 to evaluate performance over time and relative to competitors/industry averages.