Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a common-size balance sheet and a common-size income statement for all 3 years. Consolidated Balance Sheets - $ in Millions Current Assets Cash and

Prepare a common-size balance sheet and a common-size income statement for all 3 years.image text in transcribed

image text in transcribed

Consolidated Balance Sheets - $ in Millions Current Assets Cash and cash equivalents USD (S) Dec. 31, 2022 Dec. 31, 2021 Marketable debt securities (Note 4) Accounts and notes receivable7 net of allowance of $260 and S 192 Inventories (Note 6) Other current assets (Note 4; Note 11 at VIES) Total current assets Non-current Assets Equity in net assets of nonconsolidated affiliates (Note 8) Property, net (Note 9) Goodwill and intangible assets, net (Note 10) Equipment on operating leases, net (Note 7, Note 11 at VIEs) Deferred income taxes (Note 17) Other assets (Note 4; Note 11 at VIES) Total non-current assets Total Assets Current Liabilities Accounts payable (principally trade) Accrued liabilities (Note 12) Total current liabilities Non-current Liabilities Postretirement benefits other than pensions (Note 15) Pensions (Note 15) Other liabilities (Note 12) Total non-current liabilities Total Liabilities Commitments and contingencies (Note 16) Noncontrolling interest - Cruise stock Incentive awards (Note 20) Equity (Note 20) Common stock; $0.01 par value Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total stockholders' equity Noncontrolling interests Total Equity Total Liabilities and Equity GM Financial Current Assets GM Financial receivables; net of allowance of $869 and $703 (Note 5; Note 11 at VIES) Non-current Assets GM Financial receivables; net of allowance of Sl 227 and SIV 183 (Note 5, Note 11 at VIES) Current Liabilities Short-term debt and current portion of long-term debt (Note 13) Non-current Liabilities Long-term debt (Note 1 3) Automotive Current Liabilities Short-term debt and current portion of long-term debt (Note 13) Non-current Liabilities Long-term debt (Note 1 3) s 19,153 12,150 13,333 15,366 6,825 100,451 10,176 45,248 4,945 32,701 20,539 9,386 163,586 264,037 27,486 24,910 91,173 5,698 14,767 100,579 191,752 357 14 26,428 49,251 (77901) 67,792 4,135 71 ,927 264,037 33,623 40,591 36,819 60,036 1 ,959 s 15,885 s 20,067 8,609 7,394 12,988 6,396 82,103 9,677 41,115 5,087 37,929 21,152 11,488 162,615 244718 20,391 20,297 74408 5,743 8,008 15,085 104,495 178,903 15 27,061 417937 (9,269) 59 744 6,071 657815 244718 26,649 36,167 337257 59,304 463 s 16,355

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

College Accounting A Practical Approach Chapters 1-26

Authors: Jeffrey Slater

8th Edition

0130911429, 978-0130911421

More Books

Students also viewed these Accounting questions