Access the annual report or 10-K for General Motors.Post a short report that lists the following information as a reply to this thread.

https://www.sec.gov/Archives/edgar/data/1467858/000146785817000028/gm201610k.htm

Describe the inventory costing method that is used. Why do you think the company chose this method rather than the other acceptable methods? Are the inventory costs are rising or falling?

Calculate the gross profit percentage at the end of the current and prior periods, and explain any change between the two years.

Calculate the inventory turnover ratio for the current and prior years, and explain any change between the two years. (To obtain the beginning inventory number for the prior year, you will need the prior year's annual report.)

Calculate the receivables turnover ratio for the current and prior year, and explain any change between the two years. (As noted above, to obtain the beginning accounts receivable number for the prior year, you will need the prior year's annual report.)