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We have the following information for Ford for 2016:
Cash: $10B
Sales: $125B
Accounts Payable: $15B
Depreciation Expense: $5B
Interest Revenue: $2B
Dividends (paid): $3B
Inventory: $7B
Accrued Interest Payable: $1B
Wages Expense: $25B
Retained Earnings: $50B
Fixed Assets: $100B
Taxes Payable: $5B
Common Stock: $10B
Utilities Expense: $4B
A) Assume that all the revenues and expenses for Ford are listed. What is the net income?
B) Assume that all the assets are listed. What is the value for total assets?
C) Assume all the assets and equity accounts are listed. What is missing amount of liabilities?
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The data in the table below (adapted from a 1983 report from the President's council on Physical Fitness and Sports) shows the number of adult Americans (non- professionals) participating in the indicated sports.
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