1.Summarize in 1 to 2 paragraphs (in notes area) what you have learned about you
ID: 2735903 • Letter: 1
Question
1.Summarize in 1 to 2 paragraphs (in notes area) what you have learned about your company. Based on what you have learned would you be interested in investing in the stock of your company? Why or why not?
2.compute the turnover ratios and the days' sales in inventory and average collection period for receivables - show your computations.
compare to the prior year. How are these ratios changing from year to year.
Link to the SEC 10-K Report:https://www.gm.com/content/dam/gm/en_us/english/Group4/InvestorsPDFDocuments/10-K.pdf
Explanation / Answer
General Motors Company popularly known as GM, is an American multinational corporation having its headquarters in Detroit, Michigan, which designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.
It is clear from the article that the General Motors produces vehicles in 37 countries under thirteen brands: Alpheon, Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling, Baojun, Jie Fang, and Ravon. General Motors holds a 20% stake in Industries Mechaniques Maghrebines, and a 77% stake in GM Korea. It also has a number of joint ventures, including Shanghai GM, SAIC-GM-Wuling and FAW-GM in China, GM-AvtoVAZ in Russia, Ghandhara Industries in Pakistan, GM Uzbekistan, General Motors India, General Motors Egypt, and Isuzu Truck South Africa. General Motors employs 212,000 people and does business in more than 120 countries.
General Motors is divided into five business segments: GM North America (GMNA), Opel Group, GM International Operations (GMIO), GM South America (GMSA), and GM Financial. The current company, General Motors Company LLC ("new GM"), was formed in 2009 as a part of its 2009 bankruptcy restructuring, after the bankruptcy of General Motors Corporation ("old GM"). The new company purchased the majority of the assets of "old GM", including the name "General Motors".
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