What is the financial results of general electric


In its annual report to shareholders. General Electric reported the following financial results:Revenues increased from $134.5 billion to $149.7 billion,Net income decreased from $16.8 billion to $16.4 billion,Total assets decreased from $750.0 billion to $673.5 billion.Shareholders equity decreased from $110.8 billion to $109.4 billion

For the year, the cash flow from operating activities was $37.6 billion, the cash flow from investing activities was negative $35.1 billion, and the cash flow from financing activities was negative $6.2 million.What was the possible explanations for the financial results of General Electric.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the financial results of general electric
Reference No:- TGS0688437

Expected delivery within 24 Hours