Internet Case 20.4 – Using the SEC EDGAR Database (MUST POST FIRST) Initial Post – As an...

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Accounting

Internet Case 20.4 – Using the SEC EDGARDatabase
(MUST POST FIRST) Initial Post – As an employee, writean internal memo to your manager addressing thefollowing:
Visit the home page of The Securities & Exchange Commissionat the following address: www.sec.gov
Use EDGAR to locate the most recent 10-K by researching anautomotive company of your choice on the Internet and examine itsconsolidated income statement.
I CHOOSE GENERAL MOTORS
In the most recent year reported, what percentage of thecompany’s total revenue was from financial services?
In the most recent year reported, what was the company’s grossprofit as a percentage of automotive sales?
How might the company’s sales mix (e.g., trucks, cars, sportutility vehicles, etc.) influence its profitability?

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Solution Office Memo To The Manager From Employee CC Others Date 8Feb2018 Sub Analysis of 10K filed recently by General Motors for FY 2017 After careful study of form 10K recently filed by General Motors with SEC See Answer

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