I need this informationfor for ford motor company 2023 THE INCOME STATEMENT1....
80.2K
Verified Solution
Link Copied!
Question
Accounting
I need this informationfor for ford motor company
THE INCOME STATEMENT Locate the companys income statement. Income Statement Date: Page on which income statement appears: What is the period covered by the income statement? How does the net income for this year compare to last? What caused the change, use the notes to the income statement to support your reason? What are the accounts not totals, but accounts ie net income is a total, wage expense is an account that catch your attention compared to the previous year's income statement? List at least and briefly explain why you selected each one. Total Expenses or Net Income are not accounts, they are totals or labels for totals. Explanation must say more than the figure increased or decreased, why would that be of interest? What could explain the changes from one year to another for each account selected in number Your answer explains the why it changed, not how much it changed. Your reasons must be supported by data provided in the companys annual report Calculate the companys Profit Margin for both this year and the prior year.Show your computations and then the result. Present the figure correctly; each ratio has a specific format. The Equation for Profit Margin is: This year: show your workresult Late year: show your workresult Explain what information this result provides.Use complete sentences. Has the result improved or worsened? Explain your answer and add your comments on the results.Use complete sentences. Use the annual report notes to support your reason.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!