Using the available information from GM, please provide the following information: How does your company value inventories (e.g., LIFO/FIFO/WA)? What does this mean? What is your company's inventory turnover? What is your company's gross profit? How does it compare to the industry average provided? Explain.? Read the financial statement footnote that describes the company's cash and cash equivalents. List those and explain what they represent. Using the available information from GM, please provide the following information: How does your company value inventories (e.g., LIFO/FIFO/WA)? What does this mean? What is your company's inventory turnover? What is your company's gross profit? How does it compare to the industry average provided? Explain.? Read the financial statement footnote that describes the company's cash and cash equivalents. List those and explain what they represent