Develop a common sized income statement and balance sheet for each of Tesla and General Motors for
Fantastic news! We've Found the answer you've been seeking!
Question:
Develop a common sized income statement and balance sheet for each of Tesla and General Motors for the last 3 fiscal years using the excel info below. Do you see any trends? Compare.
Transcribed Image Text:
General Motors Co. (NYS: GM) Scale Cash & Equivalents Cash & Equivs & ST Investments Receivables (ST) Inventories Current Tax Assets Other Current Assets Total Current Assets Gross Property Plant & Equip Accumulated Depreciation Net Property Plant & Equip Receivables (LT) Long Term Investments Intangible Assets Deferred LT Assets Other Assets Total Assets Accounts Payable & Accrued Exps Accounts Payable Accrued Expenses Current Debt Other Current Liabilities Total Current Liabilities LT Debt & Leases Pensions & OPEB Deferred LT Liabilities Minority Interests Other Liabilities Total Liabilities Common Share Capital Additional Paid-In Capital Retained Earnings Accum Other Comprehensive Income For Curr Trans (BS) Other Equity Total Equity Total Liabilities & Equity 2016 Millions 24801 24801 31703 13788 5911 76203 47434 11614 35820 20724 8996 6259 35092 38596 221690 50388 26961 23427 29028 5765 85181 55600 23754 2362 239 10718 177854 15 26983 26168 -9330 0 43836 221690 2015 Millions 23401 23401 26388 13764 8599 5855 78007 40745 9516 31229 18500 9201 5947 28443 23193 194520 44626 24062 20564 19562 7278 71466 43549 26596 2007 452 10579 154649 15 27607 20285 -8036 -2034 2034 39871 194520 2014 Millions 28176 28176 25606 13642 9760 6486 83670 35810 8067 27743 16006 8350 6410 25414 10084 177677 43002 22529 20473 14988 7711 65701 31853 30017 1556 567 12526 142220 16 28937 14577 -8073 -1064 1064 35457 177677 General Motors Co. (NYS: GM) Scale Cash & Equivalents Cash & Equivs & ST Investments Receivables (ST) Inventories Current Tax Assets Other Current Assets Total Current Assets Gross Property Plant & Equip Accumulated Depreciation Net Property Plant & Equip Receivables (LT) Long Term Investments Intangible Assets Deferred LT Assets Other Assets Total Assets Accounts Payable & Accrued Exps Accounts Payable Accrued Expenses Current Debt Other Current Liabilities Total Current Liabilities LT Debt & Leases Pensions & OPEB Deferred LT Liabilities Minority Interests Other Liabilities Total Liabilities Common Share Capital Additional Paid-In Capital Retained Earnings Accum Other Comprehensive Income For Curr Trans (BS) Other Equity Total Equity Total Liabilities & Equity 2016 Millions 24801 24801 31703 13788 5911 76203 47434 11614 35820 20724 8996 6259 35092 38596 221690 50388 26961 23427 29028 5765 85181 55600 23754 2362 239 10718 177854 15 26983 26168 -9330 0 43836 221690 2015 Millions 23401 23401 26388 13764 8599 5855 78007 40745 9516 31229 18500 9201 5947 28443 23193 194520 44626 24062 20564 19562 7278 71466 43549 26596 2007 452 10579 154649 15 27607 20285 -8036 -2034 2034 39871 194520 2014 Millions 28176 28176 25606 13642 9760 6486 83670 35810 8067 27743 16006 8350 6410 25414 10084 177677 43002 22529 20473 14988 7711 65701 31853 30017 1556 567 12526 142220 16 28937 14577 -8073 -1064 1064 35457 177677
Expert Answer:
Answer rating: 100% (QA)
SureHere is a common sized income statement and balance sheet for each of Tesla and General Motors f... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Develop a pro forma income statement and balance sheet for the company given below. Use the following assumptions in making your pro forma: Currently, fixed assets are at full capacity Each asset...
-
Develop a pro forma income statement and balance sheet for Wal-Mart for the fiscal year ending January 31, 2006. Assume the following (in addition to the information provided in the case): selling,...
-
Income statement and balance sheet data for Virtual Gaming Systems are provided below. Required: 1. Calculate the following risk ratios for 2015 and 2016: a. Receivables turnover ratio. b. Inventory...
-
A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to plug (make an unsupported entry for) the difference,...
-
How would you distinguish between a vendor, a partner, and a strategic alliance? What conditions would favor the use of each?
-
Selected T-accounts for Rolm Company are given below for the just completed year: Required: 1. What was the cost of raw materials put into production during the year? 2. How much of the materials in...
-
What are the characteristics and advantages of the graphical user interface (GUI)?
-
Pierre, a book broker, is about to sign a contract to buy the rights to a book about twin teenage computer-security sleuths titled Nan and Dan vs. the Monika Worm. His offer to advance $50,000 for...
-
During the current year, Paper Co . purchased a building for cash of $ 1 0 0 , 0 0 0 , and sold a building with a $ 5 0 , 0 0 0 carrying value at a loss of $ 1 0 , 0 0 0 . How should these...
-
Harry Jamison, CPA, is planning to set up a business to prepare tax returns. Harry is the only person in the business, at least for now. Can he delegate any work? Should he? Explain.
-
Global pricing of a critical raw material used in the manufacture of your products has gone up sharply. Fearing customer backlash, you have not raised your product pricing but this has reduced your...
-
Please post a main posting addressing the below questions no later than midnight on Day 3 of the week (Wednesday), and then respond to at least 2 other students' postings no later than Day 7 (Sunday)...
-
Diversity means to me that you have different cultures, religions or skin tones surrounding you. That it's not just one kind of person putting out ideas out there that it varies with different...
-
Find the median for the given frequency distribution. Value Frequency 20 23 4 30 6 40 5 50 3 80
-
Discuss the mechanisms used by the virus to ensure its survival during replication cycle.
-
A loan officer compares the interest rates for 48 month fixed rate auto loans and 48 month variable rate auto loan rates. Two, independent random samples for fixed and variable rates provided the...
-
Working on a Java project to dictionary as a binary tree. 1.Data structure (0.1points) A word in a dictionary will keep the key (the defined word)and a definition (another string).For each node we...
-
It is possible to investigate the thermo chemical properties of hydrocarbons with molecular modeling methods. (a) Use electronic structure software to predict cHo values for the alkanes methane...
-
True or False: Inflation decreases the purchasing power of money.
-
Logan is conducting an economic evaluation under inflation using the then-current approach. If the inflation rate is \(j\) and the real time value of money rate is \(d\), which of the following is...
-
What is a good working definition of inflation in 10 words or less?
Study smarter with the SolutionInn App