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please i need them. thank you Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K.
please i need them. thank you
Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K. 2018 2017 2016 $ millions GE Industrial earnings (loss) 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) $(18,322) $(1,841) $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 net 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 sign Screenshot swers 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. Non-GAAP adjustments/Net earnings 20 % x 2018 2017 10 % X 2016 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. 2018 Year-over Year % Change 2017 Year-over Year % Change 1 % X 20 % x Net earnings Non-GAAP income 1 % x 20 % XStep by Step Solution
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