Question
Given the following financial statements for GM, what is the inventory turnover ratio? (Round your answer to the nearest hundredths place value.) General Motors: Income
Given the following financial statements for GM, what is the inventory turnover ratio? (Round your answer to the nearest hundredths place value.)
General Motors: Income Statement | 12/31/14 | |||
Total Revenue | 155,929,000 | |||
Cost of Revenue | 142,121,000 | |||
Gross Profit | 13,808,000 | |||
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Operating Expenses |
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Selling, General, and Administrative | 12,158,000 | |||
Non-Recurring | 120,000 | |||
Operating Income or Loss | 1,530,000 | |||
Net Income | 3,949,000 | |||
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General Motors: Balance Sheet | 12/31/14 | |||
Cash and Cash Equivalents | 20,292,000 | |||
Short-Term Investments | 9,222,000 | |||
Net Receivables | 35,366,000 | |||
Inventory | 13,642,000 | |||
Other Current Assets | 5,148,000 | |||
Total Current Assets | 83,670,000 | |||
Long-Term Investments | 24,356,000 | |||
Property, Plant, and Equipment | 34,803,000 | |||
Goodwill | 1,427,000 | |||
Intangible Assets | 4,983,000 | |||
Other Assets | 3,024,000 | |||
Deferred Long-Term Asset Charges | 25,414,000 | |||
Total Assets | 177,677,000 | |||
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Current Liabilities |
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Accounts Payable | 50,713,000 | |||
Short/Current Long-Term Debt | 14,988,000 | |||
Total Current Liabilities | 65,701,000 | |||
Long-Term Debt | 31,853,000 | |||
Other Liabilities | 44,099,000 | |||
Minority Interest | 567,000 | |||
Total Liabilities | 142,220,000 | |||
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Stockholders Equity |
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Common Stock | 16,000 | |||
Retained Earnings | 14,577,000 | |||
Capital Surplus | 28,937,000 | |||
Other Stockholder Equity | -8,073,000 | |||
Total Stockholder Equity | 35,457,000 |
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