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General Motors Data for the year ended December 31, 2023:ItemAmountTotal Assets$2,000,000,000Total Liabilities$1,500,000,000Shareholders' Equity$500,000,000Revenue$1,300,000,000Operating Expenses$800,000,000Requirements:Calculate General Motors'...

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Question

Accounting

General Motors
 Data for the year ended December 31, 2023:

Item

Amount

Total Assets

$2,000,000,000

Total Liabilities

$1,500,000,000

Shareholders' Equity

$500,000,000

Revenue

$1,300,000,000

Operating Expenses

$800,000,000

Requirements:

  1. Calculate General Motors' debt-to-equity ratio.
  2. Determine General Motors' net profit margin.
  3. Analyze the impact of total assets on General Motors' financial leverage.
  4. Discuss how General Motors recognizes revenue from vehicle sales.
  5. Evaluate General Motors' financial health using the debt service coverage ratio.
  6. Explain the role of the Income Measurement Objective in General Motors' financial management.

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