THQ Inc. is among the biggest video game makers in the world. Assume that THQ made the
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1. Does the reason given for the change in year-end indicate that this change will make THQ's financial statements more useful to users? Can you think of a reason that the change in year-end ultimately will result in more useful information for users?
2. Since the March 31, 2014, fiscal period includes only three months, will the debt-to- assets, asset turnover, and net profit margin ratios be meaningful in this period? Explain your reasoning.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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