Benny Kat is considering investing in Stevenson Pet Food Company. Stevensons net income increased considerably during the

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Benny Kat is considering investing in Stevenson Pet Food Company. Stevenson’s net income increased considerably during the most recent year, even though many other companies in the same industry reported disappointing earnings. Benny wants to know whether the company’s earnings provide a reasonable depiction of its results. What initial step can Benny take to help determine whether he needs to investigate further?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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