For GM and Chrysler describe and quantify the elements of working capital for the most recent fiscal year.?

Answer 1

This isn't a tax question and it suspiciously sounds like college homework. Anyway. Working capital is defined as current assets less current liabilities. GM and Chrysler are both auto mfrs, so their working capital would look almost identical except for volume. You would have the obvious cash, accounts receivable, inventories, etc. as well as various financing schemes which could be either assets or liabilities, don't forget the prepaid expenses or anything else that has a life of less than one year, but doesn't qualify for write off. On the liability side you have all of the things that will likely need to be paid during the coming year, current portion of long term debt, accounts payable, etc. If you need to show the working capital, remember that the items need to be grouped first, by asset and liability, and then in order of how current they are; e.g., cash is always at the top because it is already available, accounts payable is typically at the top, because most are due within a month or two.

Answer 2

Not a tax question.