Question
In its annual report to shareholders. General Electric reported the following financial results: Revenues increased from $134.5 billion to $149.7 billion Net income decreased from
In its annual report to shareholders. General Electric reported the following financial results:
Revenues increased from $134.5 billion to $149.7 billion
Net income decreased from $16.8 billion to $16.4 billion
Total assets decreased from $750.0 billion to $673.5 billion
Shareholders equity decreased from $110.8 billion to $109.4 billion
For the year, the cash flow from operating activities was $37.6 billion, the cash flow from investing activities was negative $35.1 billion, and the cash flow from financing activities was negative $6.2 million
What was the possible explanations for the financial results of General Electric.
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