General Motors Company (GM) is one of the worlds largest automobile manufacturing companies. The following data were
Question:
General Motors Company (GM) is one of the world’s largest automobile manufacturing companies. The following data were taken from the company’s 2019 annual report.
Required
a. Compute GM’s price-earnings ratio for February 6, 2020, and February 7, 2018.
b. Did the financial markets appear to be more optimistic about GM’s future performance on February 6, 2020, or February 7, 2019?
c. Based on the information provided, estimate approximately how many shares of stock GM had outstanding as of December 31, 2019.
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 9781260786583
11th Edition
Authors: Thomas P. Edmonds
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