Essay about Ethics and Strengths of the Gm Company

2078 Words Apr 25th, 2011 9 Pages
RthicsThis is about the GM company
Ethics and Financial Strengths General Motors is and has been one of the world's largest automakers for over 100 years. GM goes back as far as 1908. GM’s headquarters is in Detroit; however, GM has over 209,000 employees in every core region of the world, and conducts business in over 120 countries. GM and all its associates produce both cars and trucks in 31 countries. “GM also sell and service many of these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling (NA, 2011).” GM's leading market nationally is China. After China is the United States, Brazil, the United Kingdom, Germany, Canada, and Russia. “GM's On
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Violations of the SEC may include: “misrepresentation or omission of important information about securities, manipulating the market prices of securities, stealing customers' funds or securities, violating broker-dealers' responsibility to treat customers fairly, insider trading (violating a trust relationship by trading on material, non-public information about a security), or selling unregistered securities (NA, 2011).” The GM Company has been through some rough patches over the past few years; however, as of 2009, GM has become a new company. GM’s vision is to design, build, and sell the world’s best vehicles. GM’s goals are to build its market share, revenue, earnings and cash flow, boost customer satisfaction, and continue to lead the market by finding new technology to save energy, and find new ways to create new and better cars for the public (NA, 2011). As of last year, the GM Company keeps in accordance with the SEC by filing a 10-Q, 10-K, and 8-K forms every year. GM’s reports are filed in concordance to the GAAP or Generally Acceptable Accounting Principles (NA, 2011). Liquidity Ratios:
Current Ratio: (CA) 53,053,000 / (CL) 47,157,000 =.11 2010 (CA) 59,247,000 / (CL) 52,435,000 = 1.13 2009
Quick/Acid Ratio: (CA – Inv) 53,053,000 - 12,125,000 / (CL) 47,157,000 = .87 2010 (CA – Inv) 59,247,000 - 10,107,000 / (CL) 52,435,000 =

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