Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following financial statements for GM, what is the cash-to-cash cycle? (Round your answer to the nearest whole day.) General Motors: Income Statement

Given the following financial statements for GM, what is the cash-to-cash cycle? (Round your answer to the nearest whole day.)\ \ General Motors: Income Statement\ \ 12/31/14\ \ Total Revenue\ \ 155,929,000\ \ Cost of Revenue\ \ 142,121,000\ \ Gross Profit\ \ 13,808,000\ \ \ \ \ \ Operating Expenses\ \ \ \ Selling, General, and Administrative\ \ 12,158,000\ \ Non-Recurring\ \ 120,000\ \ Operating Income or Loss\ \ 1,530,000\ \ Net Income\ \ 3,949,000\ \ \ \ \ \ \ \ 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\ \ \ \ \ \ Current Liabilities\ \ \ \ 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\ \ \ \ \ \ Stockholders Equity\ \ \ \ 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

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

Step: 3

blur-text-image

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

The Wall Street Journal Complete Personal Finance Guidebook

Authors: Jeff D. Opdyke

1st Edition

030733600X, 978-0274804573

More Books

Students also viewed these Finance questions