Use a copy of the most recent annual report for General Electric. Then, use the information contained in the balance sheet and the income statement to answer the questions below in addition to discussing the changes in the dollar amounts reported in the current annual reporting period as compared to the previous annual reporting period.
The notes to the financial statements and any other relevant information in the annual report can be used to expand on the dollar amounts and the changes in these amounts presented in the financial statements. The answers to each question above must include mention of the financial statement (balance sheet, income statement, etc.) and any other information in the annual report that was used to answer the question.
a. What were the company's total current assets at the end of its most recent annual reporting period?
b. What were the company's total current assets at the end of the previous annual reporting period?
c. Are the assets included under the company's current assets listed in the proper order? Explain.
d. How are the company's assets classified?
e. What are cash equivalents?
f. What were the companies total current liabilities at the end of its most recent annual reporting period?
g.What were the companies total current liabilities at the end of the previous annual reporting period?