Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is...

 

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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) $ 15,900 0,222 13,642 0 2021 (dollars in millions) $ 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) $ 15,900 0,222 13,642 0 2021 (dollars in millions) $ 103,249 $ 15,499 16,148 14.324 1,278 144,603 Difference % Change

Answer rating: 100% (QA)

Horizontal Analysis It is a financial analysis used for evaluating the companys performance So by co... View the full answer