Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calibn 11A AT Wsp Test I Copy Paste General GTT Auto BIU A E E Merge & Center Format Painter $-% Conditional Format as Cell

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Calibn 11A AT Wsp Test I Copy Paste General GTT Auto BIU A E E Merge & Center Format Painter $-% Conditional Format as Cell Formatting Table Styles Insert Delete Format Clipboard OClew Font Alignment Number adoSrve on Styles Cels A10 Total current assets C Consolidated Balance Sheets-USD (5) $ in Millions Dec. 31, 2017 Dec. 31, 2016 eCurrent Assets Cash and cash equivalents Marketable securities (Note 4) 5 Accounts and notes receivable (net of allowance of $278 for 2017 and $212 for 2016) 6 Inventories (Note 6) $ 28,701 $36,033 8,313 11,841 Calculate Gross Recievables 8.164 8,700 10,663 11,040 2017 2016 7 Equipment on operating leases, net (Note 7) 8 Other current assets (Note 4; Note 12 at VIES) 9 Current assets held for sale (Note 3) 10 Total current assets 1,106 1.110 Review A Exhibit 6-3 4,465 3,633 11,178 68.744 76,203 11 Non-current Assets 12 Equity in net assets of nonconsolidated affiliates (Note 8) 13 Property, net (Note 9) 14 Goodwill and intangible assets, net (Note 11) 15 Equipment on operating leases, net (Note 7: Note 12 at VIES) 16 Deferred income taxes (Note 18) 17 Other assets (Note 4; Note 12 at VIES) 18 Non-current assets held for sale (Note 3) 19 Total non-current assets 20 Total Assets 21 Current iabilities 9,073 8,996 36.253 32.603 5,849 6,149 42,882 34,3425 23,544 33.172 4,929 3.849 C 9375 143,738 145,487 212,482 221,090 Sheet1 - Type here to search I l .00 CllpBoard FOrmattne Table- Font Alignment Number AutoSave O o) Styles A10 X Total current assets C D 22 Accounts payable (principally trade) 23 Accrued liabilities (Note 13) 24 Current liabilities held for sale (Note 3) 25 Total current liabilities 26 Non-current Liabilities 27 Postretirement benefits other than pensions (Note 16) 28 Pensions (Note 16) 29 Other liabilities (Note 13) 30 Non-current liabilities held for sale (Note 3) 31 Total non-current liabilities 32 Total Liabilities 33 Commitments and contingencies (Note 17) 34 Equity (Note 20) Common stock, $0.01 par value 36 Additional paid-in capital 37 Retained earnings 38 Accumulated other comprehensive loss 39 Total stockholders' equity 40 Noncontrolling interests 41 Total Equity 42 Total Liabilities and Equitv 23,929 23,333 25,996 25,893 C 12,158 76,890 85,181 5,998 5,803 13,746 15,264 12,394 12,415 7,626 99,392 92,434 176,282 177,615 14 15 25,371 26,983 17,627 26,168 (8,011) (9,330) 35,001 43,836 1,199 239 36,200 44,075 212.482 221.690 Sheet1 N Ap Type here to search hp A10 Total current assets A B 44 C Consolidated Income Statements- USD ($) shares in Millions, $ in Millions 12 Months Ended 45 Dec. 31, 2017 46 Net sales and revenue Dec. 31, 2016 47 Automotive $133,449 48 GM Financial 49 Total net sales and revenue 50 Costs and expenses 51 Cost of Goods Sold 52 GM Financial interest, operating and other expenses 53 Automotive selling, general and administrative expense 54 Total costs and expenses 55 Operating income 56 Automotive interest expense $140,205 12,139 8,979 145,588 149,184 114,869 120,499 11,128 8,369 9,575 10,354 135,572 139,222 10,016 9,962 575 563 57 Interest income and other non-operating income, net 290 327 58 Gain on extinguishment of debt 59 Equity income (Note 8) 0 0 2,132 2,282 60 Income before income taxes 11,863 12,008 2,739 61 Income tax expense (benefit) (Note 18) 62 Income from continuing operations 63 Income (loss) from discontinued operations, net of tax (Note 3) 64 Net income (loss) 11,533 9,269 330 (1) (4,212) 9.268 (3.882) Sheet An Type re to search hp X x f A10 Total current assets A 65 Net loss attributable to noncontrolling interests 66 Net income (loss) attributable to stockholders 67 Net income (loss) attributable to common stockholders 68 Earnings per share (Note 21) 69 Basic earnings per common share-continuing operations (in dollars per share) Basic earnings (loss) per common share-discontinued operations (in dollars per share) B C D 18 159 (3,864) $(3,880) 9,427 $9,427 $0.23 (2.88) $6.12 70 71 Basic earnings (loss) per common share (in dollars per share) 72 Weighted-average common shares outstanding-basic (in shares) 73 Diluted earnings per common share-continuing operations (in dollars per share) Diluted earnings (loss) per common share-discontinued operations (in dollars per share) $(2.65) $6.12 1,465 1,540 $0.22 $6 (2.82) 74 75 Diluted earnings (loss) per common share (in dollars per share) 76 Weighted-average common shares outstanding-diluted (in shares) $(2.60) $6 1,492 1,570 77 Calculate Days Sales Receivables 2015 78 79 Calculate Average Receivables 2015) 80 81 Calculate Accounts Receivable Turnover 2015 82 83 Sheet AB Type here to search hp root santa fiddle.xdsx Saved nulas Data Review View Add-ins O Tell me what you want to Help Team E== A A Wrap Text General A Conditional Format as EE E Merge & Center $-% Formatting Table Alignment Number Styles rent assets B C D Calculate Accounts Receivable Turnover in Days 2015 Calculate Day Sales Inventory 2015 Calculate Average Inventory 2015 Calculate Inventory Turnover 2015) Calculate Inventory Turnover in Days 2015 Working Capital Ratio 2015 Current Ratio 2015 Acid-Test Ratio 2015(First Example in Bookp.244) Cash Ratio 2015 Average Working Capital 2015 Sales to Working Capital 2015 hp Calibn 11A AT Wsp Test I Copy Paste General GTT Auto BIU A E E Merge & Center Format Painter $-% Conditional Format as Cell Formatting Table Styles Insert Delete Format Clipboard OClew Font Alignment Number adoSrve on Styles Cels A10 Total current assets C Consolidated Balance Sheets-USD (5) $ in Millions Dec. 31, 2017 Dec. 31, 2016 eCurrent Assets Cash and cash equivalents Marketable securities (Note 4) 5 Accounts and notes receivable (net of allowance of $278 for 2017 and $212 for 2016) 6 Inventories (Note 6) $ 28,701 $36,033 8,313 11,841 Calculate Gross Recievables 8.164 8,700 10,663 11,040 2017 2016 7 Equipment on operating leases, net (Note 7) 8 Other current assets (Note 4; Note 12 at VIES) 9 Current assets held for sale (Note 3) 10 Total current assets 1,106 1.110 Review A Exhibit 6-3 4,465 3,633 11,178 68.744 76,203 11 Non-current Assets 12 Equity in net assets of nonconsolidated affiliates (Note 8) 13 Property, net (Note 9) 14 Goodwill and intangible assets, net (Note 11) 15 Equipment on operating leases, net (Note 7: Note 12 at VIES) 16 Deferred income taxes (Note 18) 17 Other assets (Note 4; Note 12 at VIES) 18 Non-current assets held for sale (Note 3) 19 Total non-current assets 20 Total Assets 21 Current iabilities 9,073 8,996 36.253 32.603 5,849 6,149 42,882 34,3425 23,544 33.172 4,929 3.849 C 9375 143,738 145,487 212,482 221,090 Sheet1 - Type here to search I l .00 CllpBoard FOrmattne Table- Font Alignment Number AutoSave O o) Styles A10 X Total current assets C D 22 Accounts payable (principally trade) 23 Accrued liabilities (Note 13) 24 Current liabilities held for sale (Note 3) 25 Total current liabilities 26 Non-current Liabilities 27 Postretirement benefits other than pensions (Note 16) 28 Pensions (Note 16) 29 Other liabilities (Note 13) 30 Non-current liabilities held for sale (Note 3) 31 Total non-current liabilities 32 Total Liabilities 33 Commitments and contingencies (Note 17) 34 Equity (Note 20) Common stock, $0.01 par value 36 Additional paid-in capital 37 Retained earnings 38 Accumulated other comprehensive loss 39 Total stockholders' equity 40 Noncontrolling interests 41 Total Equity 42 Total Liabilities and Equitv 23,929 23,333 25,996 25,893 C 12,158 76,890 85,181 5,998 5,803 13,746 15,264 12,394 12,415 7,626 99,392 92,434 176,282 177,615 14 15 25,371 26,983 17,627 26,168 (8,011) (9,330) 35,001 43,836 1,199 239 36,200 44,075 212.482 221.690 Sheet1 N Ap Type here to search hp A10 Total current assets A B 44 C Consolidated Income Statements- USD ($) shares in Millions, $ in Millions 12 Months Ended 45 Dec. 31, 2017 46 Net sales and revenue Dec. 31, 2016 47 Automotive $133,449 48 GM Financial 49 Total net sales and revenue 50 Costs and expenses 51 Cost of Goods Sold 52 GM Financial interest, operating and other expenses 53 Automotive selling, general and administrative expense 54 Total costs and expenses 55 Operating income 56 Automotive interest expense $140,205 12,139 8,979 145,588 149,184 114,869 120,499 11,128 8,369 9,575 10,354 135,572 139,222 10,016 9,962 575 563 57 Interest income and other non-operating income, net 290 327 58 Gain on extinguishment of debt 59 Equity income (Note 8) 0 0 2,132 2,282 60 Income before income taxes 11,863 12,008 2,739 61 Income tax expense (benefit) (Note 18) 62 Income from continuing operations 63 Income (loss) from discontinued operations, net of tax (Note 3) 64 Net income (loss) 11,533 9,269 330 (1) (4,212) 9.268 (3.882) Sheet An Type re to search hp X x f A10 Total current assets A 65 Net loss attributable to noncontrolling interests 66 Net income (loss) attributable to stockholders 67 Net income (loss) attributable to common stockholders 68 Earnings per share (Note 21) 69 Basic earnings per common share-continuing operations (in dollars per share) Basic earnings (loss) per common share-discontinued operations (in dollars per share) B C D 18 159 (3,864) $(3,880) 9,427 $9,427 $0.23 (2.88) $6.12 70 71 Basic earnings (loss) per common share (in dollars per share) 72 Weighted-average common shares outstanding-basic (in shares) 73 Diluted earnings per common share-continuing operations (in dollars per share) Diluted earnings (loss) per common share-discontinued operations (in dollars per share) $(2.65) $6.12 1,465 1,540 $0.22 $6 (2.82) 74 75 Diluted earnings (loss) per common share (in dollars per share) 76 Weighted-average common shares outstanding-diluted (in shares) $(2.60) $6 1,492 1,570 77 Calculate Days Sales Receivables 2015 78 79 Calculate Average Receivables 2015) 80 81 Calculate Accounts Receivable Turnover 2015 82 83 Sheet AB Type here to search hp root santa fiddle.xdsx Saved nulas Data Review View Add-ins O Tell me what you want to Help Team E== A A Wrap Text General A Conditional Format as EE E Merge & Center $-% Formatting Table Alignment Number Styles rent assets B C D Calculate Accounts Receivable Turnover in Days 2015 Calculate Day Sales Inventory 2015 Calculate Average Inventory 2015 Calculate Inventory Turnover 2015) Calculate Inventory Turnover in Days 2015 Working Capital Ratio 2015 Current Ratio 2015 Acid-Test Ratio 2015(First Example in Bookp.244) Cash Ratio 2015 Average Working Capital 2015 Sales to Working Capital 2015 hp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Creating Value In A Dynamic Business Environment

Authors: Ronald W Hilton

6th Edition

0071113142, 978-0071113144

More Books

Students also viewed these Accounting questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago

Question

Compare and contrast verbal and nonverbal codes

Answered: 1 week ago

Question

Define and discuss the nature of ethnocentrism and racism

Answered: 1 week ago

Question

Define and discuss racial and ethnic stereotypes across cultures

Answered: 1 week ago