Business & Finance: General Motors

The preliminary annual report of the General Motors Corporation revealed 1923 as the most prosperous year that company had ever had. Annual sales last year were $698,000,000 compared with $463,706,733 for 1922, while net earnings in 1923 were $61,825,000 as compared with $51,496,136 the preceding year. This means that last year $2.66 was earned on each share of common stock compared with $2.19 in 1922. This estimate leaves out of consideration the proportion of Fisher Body Co.'s undivided profits which accrue to the General Motors Corporation; including these, the earnings per share of...

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