In its 2014 annual report to shareholders, General Electric reported the following financial results: 1. Revenues increased
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In its 2014 annual report to shareholders, General Electric reported the following financial results:
1. Revenues increased from \($146.0\) to \($148.5\) billion.
2. Net income increased from \($13.1\) to \($15.2\) billion.
3. Total assets decreased from \($656.6\) to \($648.3\) billion.
4. Shareholders’ equity decreased from \($130.6\) to \($128.1\) billion.
5. For the year, the cash flow from operating activities was \($27.1\) billion, the cash flow from investing activities was negative \($17.0\) billion, and the cash flow from financing activities was negative \($5.0\) million.
Discuss the possible explanations for the financial results of General Electric.
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Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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