Thanks for all you do LL%24%24Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its bConduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign."percent" answers to the nearest hundredth percent.)2018 (dollars in millions)Difference% CHG2019 (dollars in millions)15,980 $15,499Cash and cash equivalents9,22216,148Marketable securities13,64214,324Inventories1,278ImpooTotal liabilities and equity103,249 $144,603McGrawHillEducation< Prev7 of 10RONType here to searchEMF2F4F5F7F10F12Home9F-81い1SysRq

Horizontal analysis is prepared to show increase and decrease in amount by the line item. In this,…

Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its b Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. "percent" answers to the nearest hundredth percent.) 2019 (dollars in millions) 2018 (dollars in millions) Difference CHG Cash and cash equivalents 15,980 $ 15,499 Marketable securities 9,222 16,148 Inventories 13,642 14,324 Goodwill 1,278 Total liabilities and equity 103,249 $ 144,603 %24 %24

Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its b Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. "percent" answers to the nearest hundredth percent.) 2019 (dollars in millions) 2018 (dollars in millions) Difference CHG Cash and cash equivalents 15,980 $ 15,499 Marketable securities 9,222 16,148 Inventories 13,642 14,324 Goodwill 1,278 Total liabilities and equity 103,249 $ 144,603 %24 %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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