Question
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. Note: Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent. 2022 (dollars in 2021 (dollars in millions) millions) Difference % Change Cash and cash equivalents $ 16,780 $ 15,899 Marketable securities 9,622 16,948 Inventories 14,042 15,124 Goodwill Total liabilities and equity 0 1,294 69 $ 104,049 SA $ 145,003
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