General Motors (GM) is a business empire, with both automotive operations and financial services. During 1999. GM's automotive operations made sales of $153 billion and had cost of goods sold totaling $127 billion. GM's automotive assets totaled $126 billion at December 31, 1999. Total automotive liabilities were $115 billion. During 1999, GM's automotive operations paid $123 billion for inventory and collected $152 billion from customers. Required As an investor, you wonder which was greater,

(a) GM's gross profit on automotive sales or

(b) GM's excess of cash collections from customers over cash payments to suppliers. Compute both amounts to answer this question.