In June 2004, InfoSonics Corp. went public in an initial public offering (IPO), a transaction...

50.1K

Verified Solution

Question

Accounting

In June 2004, InfoSonics Corp. went public in an initial public offering (IPO), a transaction in which 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?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students