Presented below are summary financial data from the General Electric Company 2015 annual report. Using the ratio
Question:
Presented below are summary financial data from the General Electric Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash and marketable securities to total assets, quick ratio, current ratio, long-term debt to total assets, long-term debt to shareholders’ equity, and the interest coverage ratio. Evaluate General Electric’s liquidity and solvency.
Transcribed Image Text:
(amounts in millions) Balance sheet Cash and cash equivalents Marketable securities... Accounts receivable (net). Total current assets Total assets Current liabilities Current portion of long-term debt Long-term debt Shareholders' equity Income statement Interest expense Net income before taxes 2015 2014 $ 70,483 $ 70,025 31,973 35,505 27,022 23,237 151,993 146,456 492,692 654,954 105,112 111,669 42,773 38,988 145,301 186,596 98,274 128,159 $ 3,463 $ 2,723 8,186 10,263
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
Question Posted:
Students also viewed these Business questions
-
Presented below are summary financial data from the The Coca-Cola Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash...
-
Presented below are summary financial data from The Boeing Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash and...
-
Presented below are summary financial data from the Bristol-Myers Squibb 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash...
-
Assume your company shows the market values of equity and debt at the level of $175373 and $224626, respectively. The rate of return on assets is 33 percent and its volatility is 45 percent. The...
-
Let S be a nonempty convex cone in a normed linear space X. Then S = S** if and only if S is closed.
-
Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10%...
-
(Risk-averse investor) A basic assumption of economics is that investors are risk averse, meaning that when they view asset A as riskier than asset B they will demand a higher expected return. A fair...
-
Howard Rockness was worried. His company, Rockness Bottling, showed declining profits over the past several years despite an increase in revenues. With profits declining and revenues increasing,...
-
Hello could you please help me understand the steps to solve these questions. Thank you 6. Write an equation in slope-intercept form of a line parallel to y : -4.x 4 that passes through the paint (2,...
-
Presented below are selected financial data from the Bristol-Myers Squibb 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: receivable turnover,...
-
Presented below are summary financial data from The Boeing Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: return on equity, return on assets...
-
Why do most banks in Europe impose strict legal restrictions on the amount of dividend payments during the amortization of loans? Is this restriction appropriate in the case of small firms?
-
An insurer has liabilities at the end of the year that are normally distributed with mean of $500 million and standard deviation of $50 million. In contrast to question 3, assets are invested in a...
-
Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore 179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2, and Table...
-
How does the interplay between genotype and environmental factors influence the developmental trajectory and phenotypic plasticity of organisms, particularly in the context of adaptive responses to...
-
How does ecological niche specialization drive speciation, and what role does coevolution play in shaping ecological communities?
-
In 2019, before the pandemic, 8% of full-time college students purchased any music. This year, after the pandemic, a random sample of 50 full-time students showed that 7 purchased any music. Has the...
-
A level platform vibrates horizontally with simple harmonic motion with a period of 0.8 s. (a) A box on the platform starts to slide when the amplitude of vibration reaches 40 cm; what is the...
-
What is taxable income, and what is the formula for determining taxable income?
-
Compute Lead TimeBhojraj Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and...
-
During October 2 0 1 9 , Paws Veterinary Clinic completed the following transactions: Month Day Transaction Oct. 1 Paws received $ 8 0 , 0 0 0 cash and issued common shares to shareholders 4...
-
George was recruited to serve as the Chief Human Resources Officer (CHRO) of Epsilon Corporation, a privately-held company in the automotive industry, effective June 1, 2022. Throughout the fiscal...
Study smarter with the SolutionInn App