Proper title page - proper references (Morningstar,,textbook, gurufocus } \#1 (8 points)Introduce your company - why you chose this company - Company Background Information from the company website (Hyundai, 2023) Referencing the website of the company Why did YOU choose this company? Perform some basic research about the company and write about some of the items you found interesting. Since Hyundai sells stock primarily in Korea, and is at least partially governmentally held. I probably would not buy stock. But. Based on the car I am driving and past experiences, I might buy another car of the same brand. \#2(15 points)Financial Statement Discussion specific to the company being researched \#2a (5 points)Income statement (ch2)- annual report of revenues and expenses - summarize changes in revenues and expenses and or net income.. (Hyundai Financials, 2023) What can you tell me about the summary overview three year trend From looking at full statements you are to explain what additional items you can learn by researching more specifics Common size income statement (not required, but might provide insight) What percentage of the company's income is spent where... ? expense control.. For 2019 for every 1 dollar of sales GM management has spent 89.82 cents towards cost of goods sold, 6.19C on selling and general expenses and 1.42C on non operating items leaving 5.42C for earnings before taxes. Describe any trends and any unique numbers... You may also use the complete income statement (Hyundai Financials, 2023) Can discuss the changes in the total assets, total debt, total equity, total liabilities General Motors has long term debt in 2017. But in 2018 and 2019 they converted the governmental debt to public debt. It has not grown. Be specific. Asset mix and financing mix Assets=Liabilities+equity Asset mix - what type of assets is the company invested in..discuss relevant trends Growth of AR, PPE Financing mix - what type of financing supports your assets.. Accts payable..long term debt..equity..trends..? relevancy Assets section - shows what the company is invested in ..long term vs short term Financing section - how the company finances its investments..Short term liabilities, total liabilities, equity.. You can also look deeper by researching the actual balance sheet \#2c cash flow statement (ch 2) (5 points) (GM financials, 2021) Cash flow from operations - should be positive..preferably growing Includes net income from income statements..non cash expenses are added back Non cash expenses are used to decrease net income...taxes income....taxes MACRS - modified accelerated cost recovery system Includes changes in ALL current accounts.. Both current assets and current liabilities (Block, Hirt, \& Danielson, 2019) Cash flow from investing-should be negative...indication of investing in company growth-only changes in fixed assets Compare dollar amount of operations and investing If cash flow from operations in greater than cash flow into investi.

1. Proper title page - proper references (Morningstar,,textbook, gurufocus } #1 (8 points)Introduce
your company - why you chose this company - Company Background Information from the
company website (Hyundai, 2023) Referencing the website of the company Why did YOU
choose this company? Perform some basic research about the company and write about some of
the items you found interesting. Since Hyundai sells stock primarily in Korea, and is at least
partially governmentally held. I probably would not buy stock. But. Based on the car I am
driving and past experiences, I might buy another car of the same brand. #2(15 points)Financial
Statement Discussion specific to the company being researched #2a (5 points)Income statement
(ch2)- annual report of revenues and expenses - summarize changes in revenues and expenses
and or net income.. (Hyundai Financials, 2023) What can you tell me about the summary
overview three year trend From looking at full statements you are to explain what additional
items you can learn by researching more specifics Common size income statement (not required,
but might provide insight) What percentage of the company's income is spent where...
? expense control.. For 2019 for every 1 dollar of sales GM management has spent 89.82 cents
towards cost of goods sold, 6.19C on selling and general expenses and 1.42C on non operating
items leaving 5.42C for earnings before taxes. Describe any trends and any unique numbers...
You may also use the complete income statement (Hyundai Financials, 2023) Can discuss the
changes in the total assets, total debt, total equity, total liabilities General Motors has long term
debt in 2017. But in 2018 and 2019 they converted the governmental debt to public debt. It has
not grown. Be specific. Asset mix and financing mix Assets=Liabilities+equity Asset mix - what
type of assets is the company invested in..discuss relevant trends Growth of AR, PPE Financing
mix - what type of financing supports your assets.. Accts payable..long term
debt..equity..trends..? relevancy Assets section - shows what the company is invested in ..long
term vs short term Financing section - how the company finances its investments..Short term
liabilities, total liabilities, equity.. You can also look deeper by researching the actual balance
sheet #2c cash flow statement (ch 2) (5 points) (GM financials, 2021) Cash flow from
operations - should be positive..preferably growing Includes net income from income
statements..non cash expenses are added back Non cash expenses are used to decrease net
income...taxes
income....taxes MACRS - modified accelerated cost recovery system Includes changes in ALL
current accounts.. Both current assets and current liabilities (Block, Hirt, & Danielson, 2019)
Cash flow from investing-should be negative...indication of investing in company growth-only
changes in fixed assets Compare dollar amount of operations and investing If cash flow from
operations in greater than cash flow into investing then the company is able to finance it growth..

2. in 2017 and 2018GM is investing more than they generate from operation which means they
must get external financing in 2019 GM is investing less than the cash flow they generate from
operations which indicates that the company can fund the growth internally #3 Current account
management (ch3,16)(10 Doints) (researcher, 2U25) When CR is less than 1 - aggressive CA
management style....uses more ST financing CR>1 conservative ... uses long term financing
Current ratio = current assets/current liabilities General Motors (GM) begins the 8 year period
practicing a conservative current account management style. By 2019GM has switched to an
aggressive current account management style. GM has moved to more financing of its own sales.
Quick Ratio =( Current Assets-Inventory)/current liabilities The impact that inventory control
has on liquidity. The inventory control of GM management has improved and has a lower impact
on liquidity from 2010 to 2019. GM is currently (2021-02-12) experiencing unfavorable leverage
because the cost of the financing is greater than the return on the investments. In 2019 the
leverage was favorable because the return on investments was 4.76% while the cost of capital
was 3.45% Financial leverage=Assets/Equity.. In 2021 for each $ of equity financing Hyundai
uses an
additional $2.13 of liability financing to invest in assets of $3.13. In 2010 for each $ of equity
financing GM uses an additional $4.39 of liability financing to invest in assets of $5.39. So GM
is using more liability financing in 2019 than 2010. GM management needs to find less
expensive sources of financing. Debt/Equity===Long term debt/equity GM management is using
more long term debt. #5 Efficiency - Asset management (ch 3) - cash flow cycle (ch 16 ) ( 15
points) (GM financials, 2021) CCC is DSO+DIPP GM has 55 days in which cash is tied up in
the cash conversion cycle. The cash conversion cycle has deteriorated from a -5.47 (2010) days
to +54.63 (2019). The management of the collections period (DSO)has increased from 22 days in
2010 to 89 days in 2019. There are many more receivables outstanding in 2019 than in 2010.
GM is allowing its customers 67 additional days to pay for the sales outstanding. The production
staff at GM has managed to improve its control of inventory. The production period (DI) has
decreased from 34 days (2010) to 30 (2019). The management of accounts payable has also
improved. Rather than paying (PP) on day 62 (2010) GM has been allowed to lengthen the
payment deferral until day 64(2019). Turnover ratios indicate an efficiency in sales. Receivables
turnover = Sales/accounts receivables In 2010 for every dollar of credit extended GM generates
$16.47 of sales. This has reduced to $4.11 in 2019. Inventory turnover-Sales/inventory In 2010
for every dollar of raw materials GM produces a product worth $10.69. This improves to $12.19
in 2019. (..for Apple)..Apple has 60 days of free cash flow. The production period lasts 9 days
and Apple collection policy allows for 26 days on average. At the same time the suppliers of
Apple are allowing them 95 days to pay their accounts payables. In 2021 Hyundai is generating

3. $1.99 of sales per long term
In 2021 Hyundai is generating $1.99 of sales per long term assets in which the company invests.
Over the 10 period studied this has dropped from 2.88 of sales. The long term asset management
is less efficient in producing sales. The sales have decreased while the investment in long term
assets has increased. In 2010 the overall efficiency for GM is that for every dollar invested in
assets GM is generating $0.99 in sales. In 2019 the overall efficiency has decreased to $0.6 of
sales production. GM needs to find more productive assets. #6 Profitability, Return ratios (ch3)
DuPont relationship (CH3) (15 points) Profit margins - already discussed common size income
statement-used to internret exnense control Hyundat ratios Note..for Hyundai the expense control
has deteriorated over the time period studied. The expense control for GM has improved over the
last 10 years. For every dollar of sales GM has 4.8C of profit in 2019 which has improved from
2010 at 3.44C. From the common size income statement the control of COGS or the variable
cost has decreased while the control of the SG&A or the fixed costs has improved. Furthermore
the financing income has also improved the profitability of GM. Return ratios For every dollar
invested in assets the sales generated results in a profit of 6.7C in 2013 and 2.23C in 2021 . It
was the decrease or the lack of efficiency in the asset management which caused impairment of
the ROA. For every dollar invested in equity the management of GM adds additional financing
to invest in assets; the assets generate sales which results in a profit of 19.85C in 2010 , and the
ROE deteriorates to a 16.32C in 2019. GM is utilizing additional debt in 2019 than in 2010. In
2019 the leverage was favorable because the return on investments was 4.76% while the cost of
capital was 3.45%. These numbers are historically from Gurufocus. So the primary reason for the
decrease in ROE was caused by the inefficient asset management of GM. #7 SWOT - your own
conclusions based on all
in 2019 than in 2010. In 2019 the leverage was favorable because the return on investments was
4.76% while the cost of capital was 3.45%. These numbers are historically from Gurufocus. So
the primary reason for the decrease in ROE was caused by the inefficient asset management of
GM. #7 SWOT - your own conclusions based on all YOUR analysis ( 10 points) Works Cited
ATT ratios. (2022, 05 25). Retrieved from Morningstar:
https://www.morningstar.com/stocks/xnas/amzn/financials Block, S., Hirt, G., & Danielson, B.
(2019). Foundations of Financial Management. New York, NY: McGraw Hill. coca cola
homepage. (2022, January 24). Retrieved from Coca Cola Company: https://www.coca-
cola.com/ full key ratios - GM. (2022, January 24). Retrieved from Morningstar - GM:
https://financials.morningstar.com/ratios/r.html? t=0P0000RQZL& culture = en & platform =sal
GM financials. (2021, January 25). Retrieved from Morningstar:

4. https://www.morningstar.com/stocks/xnys/gm/financials Hyundai. (2023, 2 28). Hyundai USA
Homepage. Retrieved from Hyundai USA: https://www.hyundaiusa.com/us/en Investor
Relations home page. (2022,98 ). Retrieved from Black Rifle Coffee Company:
https://ir.blackriflecoffee.com/ researcher, M. (2023, 2 28). Hyundai Financials. Retrieved from
Morningstar: https://www.morningstar.com/stocks/pinx/hymtf/financials WACC General
Motors. (2021, 2 12). Retrieved from Gurufocus:
https://www.gurufocus.com/term/wacc/NYSE:GM/WACC/General-Motors