Question

When does the fiscal year of Philips Corporation end?

Option 1: October 31
Option 2: November 30
Option 3: December 31
Option 4: January 31

Answer 1

The fiscal year of Philips Corporation ends on December 31. This date marks the conclusion of their annual financial reporting period.

Step-by-step explanation:

The fiscal year of Philips Corporation ends on December 31. Each company has its own set fiscal year which can differ but, in the case of Philips, their annual financial reporting period concludes at the end of the calendar year.

This information is essential for stakeholders, including investors and financial analysts, who track the company's financial performance and make decisions based on annual reports and other financial disclosures.The fiscal year of Philips Corporation ends on December 31. This means that the company's financial year runs from January 1 to December 31 of each year.