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.