General Motors (GM) is considering a $37-million expansion to one of its Michigan assembly plants. The Buick Enclave, Chevrolet Traverse, and GMC Acadia crossovers are built at the Lansing Delta Township plant. GM officials have not announced what the $37-million expansion will include but they have applied for tax incentives from the City of Lansing […]
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Tag Archives: balance sheet
What is the impact on American Apparel’s current ratio of the loan it received from Standard General?
July 10, 2014 
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American Apparel has been in the news in recent weeks. Its board fired CEO Dov Charney amid several reports of his misdeeds. The company has also lost $270 million over the past three years. Last week, one of American Apparel’s creditors, Lion Capital, called a $10 million loan it had made to American Apparel. (“Calling” […]
Continue readingWhat is the impact of the Candy Crush Saga maker’s IPO on its balance sheet?
April 2, 2014 0 Comments
King Digital Entertainment (NYSE: KING), the maker of the Candy Crush Saga app, had its initial public offering (IPO) the week of March 24th, 2014. King’s stock was priced at $22.50 per share for the IPO; its par value is $0.000197 per share. The IPO raised about $500 million for King. Assume that approximately 2,300,000 […]
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Accounting in the Headlines 