Facebook is recently reporting on over 69 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Calculated Tax Rate of 21.5839 will help investors to properly organize and evaluate Facebook financial condition quickly. Financial Statement Analysis is much more than just reviewing and examining Facebook latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Facebook is a good buy for the upcoming year. Additionally see Investing Opportunities.