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help General Motors announced a quarterly profit of $119 million for 4th quarter. Below is a portion of its balance sheet. Conduct a horizontal analysis
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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 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 Previous year (dollars in millions) millions) $ 17,180 $ 16,099 9,822 17,348 14,242 15,524 0 1,302 $ 104,449 $ 145,203 Step by Step Solution
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