Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items (rounding percent to nearest hundredth): LU 16-1(2) 2022 (dollars in millions) $15,980 Cash and cash equivalents Marketable securities Inventories Goodwill Total liabilities and equity 9,222 13,642 - $103,249 2021 (dollars in millions) $15,499 16,148 14,324 1,278 $144.603 Difference % CHG

Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items (rounding percent to nearest hundredth): LU 16-1(2) 2022 (dollars in millions) $15,980 Cash and cash equivalents Marketable securities Inventories Goodwill Total liabilities and equity 9,222 13,642 - $103,249 2021 (dollars in millions) $15,499 16,148 14,324 1,278 $144.603 Difference % CHG

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. Note: Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent. Cash and cash equivalents Marketable securities Inventories Goodwill Total liabilities and equity 2022 (dollars in millions) $ $ 2021 (dollars in millions) 15,980 9,222 13,642 0 103,249 $ $ 15,499 16,148 14,324 1,278 144,603 Difference % Change
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. Note: Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent. Cash and cash equivalents Marketable securities Inventories Goodwill Total liabilities and equity 2022 (dollars in millions) $ 16,580 9,522 13,942 0 2021 (dollars in millions) $ 103,849 $ 15,799 16,748 14,924 1,290 144,903 Difference % CHG
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. 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.) 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
ssume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below Is a portion of its Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sige percent" answers to the nearest hundredth percent.) 2018 (dollars in millions) Difference % CHG 2019 (dollars in millions) $ 086 9,222 Cash and cash equivalents 16,148 14,324 Marketable securities 13.642 Inventories 144,603 Total lablites and equity F5 F6 F8 F10 F1 F12 Home
Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.
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The comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…
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