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General Motors announced a quarterly profit of $119 million for 4th quarter. Below is a portion of its balance sheet. Conduct a horizontal analysis of
General Motors announced a quarterly profit of $119 million for 4th quarter. 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 Inventories Goodwill Total liabilities and equity Current year (dollars in millions) s 15.080 8,772 13,192 Previous year (dollars in millions) s 15.049 15,248 13,424 1.326 s 144.153 0 102,349 $
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