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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.) Difference % CHG Cash and cash equivalents Marketable securities Inventaries Goodwil Total inities and equity 2019 (dollars in millions) 2018 dollars in millions $ 15380 5 15 1991 8922 15,548 13,342 13,724 D 1 320 S 102 649 $ 144 303
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