Emerson Electric is engaged in design, manufacture, and sale of a broad range of electrical, electromechanical, and
Question:
Emerson has achieved consistent earnings growth for more than 160 straight quarters (more than 40 years).
Required:
a. What earnings strategy do you think Emerson has applied over the years to maintain its record of earnings growth?
b. Describe the extent you believe Emerson's earnings record reflects business activities, excellent management, and/or earnings management.
c. Describe how Emerson's earnings strategy is applied in good years and bad.
d. Identify years where Emerson likely built hidden reserves and the years it probably drew upon hiddenreserves.
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Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
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