Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please I need the ones in x. thank you 2 Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from

image text in transcribedimage text in transcribed

please I need the ones in x. thank you

2 Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K $ millions GE Industrial earnings (los) Less: Nonoperating pension benefit costs (net of tax) Less: Gains and impairments for disposed or held for sale businesses (net of tax) Less: Restructuring and other (net of tax) Less: Goodwill impairments (net of tax) Less: GE Industrial U.S. tax reform enactment adjustment Adjusted GE Industrial earnings (loss) (Non-GAAP) 2018 2017 2016 $(18.322) $11.841) $8.053 (1.944) (1.550) (1.359) 867 864 2.113 (2.948) (2.778) (2.483) (19.910) (1.029) 34) (4.905) $5,647 $7.557 $9.782 Required a. Explain how the non-GAAP items (in total) affected adjusted earnings each year. Net effect of non-GAAP adjustments in 2016: Increase adjusted net earnings Net effect of non-GAAP adjustments in 2017: Increase adjusted net earnings Net effect of non-GAAP adjustments in 2018. Increase adjusted nec earnings b. Calculate net non-GAAP items as a percentage of net earnings for each year presented. Note: Round your answers to the nearest whole percentage point Note: Do not use negative signs with your answers. 2018 2017 2016 Non-GAAP adjustments/Net earnings 20% * 10% 20% X c. Calculate the year-over-year change (in % terms) in reported net earnings for 2017 and 2018 Calculate the year-over-year change (in % terms) in the non-GAAP net income. Note: Round your answers to the nearest whole percentage point. Note: Use a negative sign to indicate lower performance over the previous year. Net earnings Non-GAAP income 2018 Year-over Year % Change 2017 Year-over Year % Change 1% X 20% X 1% X 20% X 2 Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K $ millions GE Industrial earnings (los) Less: Nonoperating pension benefit costs (net of tax) Less: Gains and impairments for disposed or held for sale businesses (net of tax) Less: Restructuring and other (net of tax) Less: Goodwill impairments (net of tax) Less: GE Industrial U.S. tax reform enactment adjustment Adjusted GE Industrial earnings (loss) (Non-GAAP) 2018 2017 2016 $(18.322) $11.841) $8.053 (1.944) (1.550) (1.359) 867 864 2.113 (2.948) (2.778) (2.483) (19.910) (1.029) 34) (4.905) $5,647 $7.557 $9.782 Required a. Explain how the non-GAAP items (in total) affected adjusted earnings each year. Net effect of non-GAAP adjustments in 2016: Increase adjusted net earnings Net effect of non-GAAP adjustments in 2017: Increase adjusted net earnings Net effect of non-GAAP adjustments in 2018. Increase adjusted nec earnings b. Calculate net non-GAAP items as a percentage of net earnings for each year presented. Note: Round your answers to the nearest whole percentage point Note: Do not use negative signs with your answers. 2018 2017 2016 Non-GAAP adjustments/Net earnings 20% * 10% 20% X c. Calculate the year-over-year change (in % terms) in reported net earnings for 2017 and 2018 Calculate the year-over-year change (in % terms) in the non-GAAP net income. Note: Round your answers to the nearest whole percentage point. Note: Use a negative sign to indicate lower performance over the previous year. Net earnings Non-GAAP income 2018 Year-over Year % Change 2017 Year-over Year % Change 1% X 20% X 1% X 20% X

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

Auditing Corporate Surveillance Systems Research Methods For Greater Transparency

Authors: Isabel Wagner

1st Edition

1108837662, 978-1108837668

More Books

Students also viewed these Accounting questions