Presented below are summary financial data from the General Electric Company 2015 annual report. Using the ratio
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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.
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(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
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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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