In June 2004, InfoSonics Corporation went public in its initial public offering, or IPO (i.e., a...
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In June 2004, InfoSonics Corporation went public in its initial public offering, or IPO (i.e., a transaction wherein a company sells its shares to the public for the first time). Per InfoSonics' IPO prospectus, their Revenues increased by 40% and their "Change in Accruals" metric was +58%. In February 2004, Kinetic Concepts Inc. went public in its IPO. Per Kinetic Concepts' IPO prospectus, their Revenues increased by 32% and their "Change in Accruals" metric was -48%. What might InfoSonics' metric of +58% suggest, or be a hint of? What might Kinetic Concepts' metric of -48% suggest, or be a hint of? (4 points) In June 2004, InfoSonics Corporation went public in its initial public offering, or IPO (i.e., a transaction wherein a company sells its shares to the public for the first time). Per InfoSonics' IPO prospectus, their Revenues increased by 40% and their "Change in Accruals" metric was +58%. In February 2004, Kinetic Concepts Inc. went public in its IPO. Per Kinetic Concepts' IPO prospectus, their Revenues increased by 32% and their "Change in Accruals" metric was -48%. What might InfoSonics' metric of +58% suggest, or be a hint of? What might Kinetic Concepts' metric of -48% suggest, or be a hint of? (4 points)
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InfoSepics Corporation 58 Change in Accruals A significant increase in the Change in Accruals metric ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
Posted Date:
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