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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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