Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent.) 2019 (dollars in millions) 2018 (dollars in millions) Difference % CHG 15,980 $ 15,499 16,148 Cash and cash equivalents $ Marketable securities 9,222 Inventories 13,642 14,324 Goodwill 1,278 Total liabilities and equity 103,249 $ 144,603

Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent.) 2019 (dollars in millions) 2018 (dollars in millions) Difference % CHG 15,980 $ 15,499 16,148 Cash and cash equivalents $ Marketable securities 9,222 Inventories 13,642 14,324 Goodwill 1,278 Total liabilities and equity 103,249 $ 144,603

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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