META Lesson 2: Accounting Inconsistencies and Consequences
Musings on Markets
NOVEMBER 10, 2022
Accounting 101 I am not an accountant, and have no desire to be one, but I have used their output (accounting statements) as raw material in valuation and corporate finance. Since net income increases by the same magnitude, the company generated $42.5 billion , as reported. billion, which results in an adjusted PE ratio of about 6.
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