April 4th– Accounting and Financial Statements
Comment on revenue, profit, and loss of key industry players?
How has the recession (2008-2009) affected companies’ balance sheets?
During the 2008-2009 recession, the companies that were hit the hardest were the American car makers (GM & Ford). Although it was unclear before if these companies were going to survive this recession, they have proven many analysts wrong and have seen a rise in revenue since then. Currently the most profitable car company is Toyota followed closely by Honda. Although the Japanese earthquake stopped production for these Japanese car makers, they are back and running at full production once again.
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