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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.) 2018 (dollars in millions) Difference % CHG 2019 (dollars in millions) 15.980 $ $ Cash and cash equivalents Marketable securities Inventories 15,499 16,148 9.222 14,324 13.642 0 Goodwill 1,278 Total liabilities and equity $ 103,249 $ 144.003
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