Problem: GE does business in Puerto Rico. Compute the quick and current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage for GE.
Discuss how measurement conventions (IASB and FASB) affect presentations. If your chosen company uses the cash basis of accounting, how would that differ from the accrual basis?
Discuss the four financial statements used at the company. How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the financial statements?
Around 500 words, 7 references.