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You are assessing the solvency of General Electric (GE) for the fiscal year ended December 31, 2023. Below are the relevant financial data: Category Amount
You are assessing the solvency of General Electric (GE) for the fiscal year ended December 31, 2023. Below are the relevant financial data:
Category | Amount (in billions USD) |
Total assets | $200 |
Total liabilities | $150 |
Total equity | $50 |
Long-term debt | $80 |
Shareholders' equity | $50 |
Requirements:
- Calculate the debt-to-equity ratio for General Electric (GE).
- Calculate the equity ratio for General Electric (GE).
- Discuss the solvency position of General Electric (GE) based on the calculated ratios.
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