FINANCIAL ACCOUNTING
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ISBN: 9781259964947
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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
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