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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
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% XStep by Step Solution
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