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Accounting, Finance, SPSS
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Coursework
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English (U.S.)
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Topic:
Common Size Financial Statements for General Motors Co. Ratio Analysis
Coursework Instructions:
Chapter 6 provides various exhibits regarding common-size balance sheets or income statements. Refer to Exhibit 6.3 Common-size Financial Statements in the textbook and review the common-size approach. Describe what "common-size" means and why it is used in financial analysis. Using a company from the approved list, perform common-size analysis on the balance sheets or income statements for at least two fiscal years. What does the information tell you? How can you use that information to compare companies within the same industry to each other? Cite and Reference needed
Coursework Sample Content Preview:
Ratio Analysis- Common Size Financial Statements for General Motors Co.
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Ratio Analysis- Common Size Financial Statements for General Motors Co.
A common-size financial statement is an income statement, balance sheet, or statement of cash flows that has its items recognized using a given base percentage. To analyze the common-size statements, we extract the income statement and balance sheet of General Motors Co., calculate the common-size for the financial years 2020 and 2019 (see attached spreadsheet), interpret the information, and discuss the use of this information for industry comparison.
The items in the income statement are disclosed as a percentage of the total sales/revenue, the items in the balance sheet are conveyed as a percentage of either the total assets or assets as a percentage of total assets, liabilities as a percentage of total liabilities, and shareholder equity items as a percentage of total shareholder equity.
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