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Scenario 50: Financial Statement Analysis - General Electric Company General Electric Company has reported the following financial data for the fiscal year ended December 31,
Scenario 50: Financial Statement Analysis - General Electric Company
General Electric Company has reported the following financial data for the fiscal year ended December 31, 2023:
- Total Assets: $342,918 million
- Total Liabilities: $186,302 million
- Net Income: $21,509 million
- Total Revenue: $301,856 million
- Total Expenses: $280,347 million
- Average Shareholders' Equity: $156,616 million
Calculate the following financial ratios for General Electric Company:
a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin
Interpret each ratio and discuss the financial performance of General Electric Company based on these ratios.
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