Find GEs 2021 annual report and read the segment footnote (it is labeled Note 23: Operating Segments).

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Find GE’s 2021 annual report and read the segment footnote (it is labeled “Note 23: Operating Segments”). The link to obtain the file is: https://www.ge.com/investor- relations/annual- report
1. How does GE organize and present its segment data?
2. Compute the following ratios for 2019, 2020, and 2021 for each segment reported.
a. Segment profit percentage = (segment profit/segment revenue)
b. Segment asset turnover = (segment revenue/segment assets)
3. Compute the growth rate for each segment for revenues and assets from 2019 to 2021. For example, the formula for revenue growth rate is:image

4. Evaluate each segment’s performance using the computations from questions 2 and 3. Which segment performed the best and which segment performed the worst?
5. What percentage of GE’s total revenues and assets are based outside the United States? Can you determine from the disclosures whether the trend is toward more or less globalization? Comment on the trend to the extent feasible.

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Advanced Accounting

ISBN: 9781119794653

8th Edition

Authors: Debra C. Jeter, Paul K. Chaney

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