This section breaks down preferred stock equity, common stock equity which equals the total shareholder 's equity. The last line indicates the shares outstanding. If viewed annually, each section allows the user to compare from the years 2006 to 2010.
The income statement first shows a diagram of the company 's revenue and net income after taxes for 2006 to 2010. On this next page of the income statement is lists in order to revenue, cost of goods sold, gross profit, gross profit margin, SG&A expense, depreciation & amortization, operating income, operating margin, non-operating income, non-operating expenses, income before taxes, and net income after taxes. The income statement then lists the continuing operations, discontinued operations, the total operations, total net income, and net profit margin.
General Motors Company list and classifies their assets on their balance sheet based on amounts placed in the millions (Hoover 's Inc, 2011). This information can be viewed by quarterly report or annually. In each case, assets are generalized under such headings as cash, net receivables, inventories, other current assets, net fixed assets, and other noncurrent assets (Hoover 's Inc, …show more content…
The amount is acquired from the accounts payable, short term debt, and other current liabilities In 2009 the total accounts payable for the reporting period was 18, 725 billion (Hoover 's Inc., 2011). The short term dept for 2009 was 10,221, following with other liabilities of 23,489 billion (Hoover 's Inc., 2011). The amounts given in 2009 for total current liabilities are a decrease of 61,553 billion from 2008 (Hoover 's Inc., 2011). The company appears to be following a pattern in decreasing liabilities as the year’s progress. By reviewing previous years reporting information, General Motor Company has been decreasing its current liabilities. These decreases have been reported mostly from short and long term debt. The paying off of such debt decreases profit margins for the year but allows the company to survive the economic