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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
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 (doare in millions) 2018 (dollars in millions) Difference CHO Cash and cash equivalents $ 15.880 $ 15.440 Marktable secures Inventories Goodwill Total abilities and equity 9,172 16.048 13.592 14.224 1,310 103,149 $ 144,553
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