FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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%24
%24
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its b
Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign.
"percent" answers to the nearest hundredth percent.)
2018 (dollars in millions)
Difference
% CHG
2019 (dollars in millions)
15,980 $
15,499
Cash and cash equivalents
9,222
16,148
Marketable securities
13,642
14,324
Inventories
1,278
Impoo
Total liabilities and equity
103,249 $
144,603
Mc
Graw
Hill
Education
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Transcribed Image Text:LL %24 %24 Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its b Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. "percent" answers to the nearest hundredth percent.) 2018 (dollars in millions) Difference % CHG 2019 (dollars in millions) 15,980 $ 15,499 Cash and cash equivalents 9,222 16,148 Marketable securities 13,642 14,324 Inventories 1,278 Impoo Total liabilities and equity 103,249 $ 144,603 Mc Graw Hill Education < Prev 7 of 10 RON Type here to search EM F2 F4 F5 F7 F10 F12 Home 9F- 81 い1 SysRq
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