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Word Problem 13-16 [LU 13-1 (2)] General Motors announced a quarterly profit of $119 million for 4th quarter. Below is a portion of its balance
Word Problem 13-16 [LU 13-1 (2)] 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 Current year (dollars in Previous year (dollars in millions) millions) $ 16.680 $ 15,849 9,572 16.848 13,992 15,024 0 1.292 Total liabilities and equity $ 103,949 $ 144,953
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