Question:
General Motors may file for bankruptcy during this class. Find the GM 2008 Annual report and review the total revenue, net income and profits for 2008 compared to previous year. Did GM make a profit from automobile manufacturing? How much cash is available for operations and how much will $14B do to keep the company afloat? What do you predict 2009 will bring?
I found the annual report for 2007. Total revenue: $181,122, net income: ($23), and Profits: (21.4%).