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) $ $ 16,180 9,322 13,742 0 2021 (dollars in millions) $ 103,449 $ 15,599 16,348 14,524 1,282 144,703 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) $ $ 16,180 9,322 13,742 0 2021 (dollars in millions) $ 103,449 $ 15,599 16,348 14,524 1,282 144,703 Difference % Change
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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![16 i
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)
$
16,180
9,322
13,742
0
103,449 $
15,599
16,348
14,524
1,282
144,703
Difference
% Change](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9e9713e7-c47e-496c-a8c8-3342ae7157eb%2F89f55440-2b39-4180-9f10-75b76e8fe3fc%2Fi2q7r6f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:16 i
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)
$
16,180
9,322
13,742
0
103,449 $
15,599
16,348
14,524
1,282
144,703
Difference
% Change
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