TTC has released this quarters earning report. It states that it changed how it accounts for inventory.

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TTC has released this quarter’s earning report. It states that it changed how it accounts for inventory. The change does not change taxes, but the resulting earnings are 20% higher than what it would have been under the old accounting system. There is no other surprises in the earnings report.

1. Would the stock price now jump on the release of this earnings report?

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Related Book For  book-img-for-question

Lectures On Corporate Finance

ISBN: 9789812568991

2nd Edition

Authors: Peter L Bossaerts, Bernt Arne Odegaard

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