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Analyze the financial performance of General Motors Company for the year 2023. Using the following data, prepare an income statement, balance sheet, and statement of
- Analyze the financial performance of General Motors Company for the year 2023. Using the following data, prepare an income statement, balance sheet, and statement of cash flows: total sales $80,000,000, COGS $48,000,000, operating expenses $20,000,000, interest expense $4,000,000, tax expense $3,200,000, cash $8,000,000, accounts receivable $12,000,000, inventory $16,000,000, property, plant, and equipment $40,000,000, accounts payable $6,000,000, long-term debt $24,000,000, and equity $46,000,000. Discuss the implications of the financial statements on the company’s performance and strategic decisions.
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