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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 Current year (dollars in millions) $ 16,080 9,272 13,692 Previous year (dollars in millions) 15,549 16,248 Marketable securities Inventories 14,424 Goodwill 0 1,280 144,653 Total liabilities and equity $ 103,349 $
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