Reference no: EM13753972
View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions:
Show calculations:
1. What was the gross profit for 2013? For 2012?
2. How much interest expense was incurred in 2013? In 2012?
3. What were the total accounts receivable (net) at the end of 2013? At the end of 2012?
4. Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 were $8,281 million, compute the receivables turnover for 2013 and 2012. (Hint: Assume the total of accounts receivable is in trade receivables). Round your answer to two decimal places. What is your evaluation of the ratio and the difference between the two years?
5. Compute the inventory turnover ratio for 2013 and 2012 using the ending inventory instead of the average inventory. What is your evaluation of the difference?
6. What was the total amount of inventories on December 31, 2013 and 2012? What were the principal categories of inventory on these dates?
7. What was the amount of the current assets on December 31, 2013?
8. What were the total debt and debt components at the end of 2013?
|
What are the annual net cash inflows
: Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $94,000 new. It would last the bakery for ten years but would require a $..
|
|
Determine the net present value of proposed mining project
: Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might be commercially attractive to mine and sell. Determine the net present value of the propo..
|
|
Interest revenue or interest expense associated with loan
: Parent loaned $200 to Sub. To keep things simple, assume that there is no interest revenue or interest expense associated with this loan. Parent made a sale to Sub for $300 cash. The inventory had originally cost Parent $220. Sub then sold that same ..
|
|
Using effective-interest amortization
: A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recogn..
|
|
How much interest expense was incurred
: View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. What was the gross profit for 2013? For 2012? How much interest expense was incurred in 2013? In 2012? What were the ..
|
|
What is the journal entry for the conversion
: What is the journal entry for the conversion of $1,500,000 of bonds into 12 shares of common stock (with no par value) for each $1,000 of bonds? How is the related discount on bonds payable recorded?
|
|
Gross profit method
: On December 31, 2014 Felt Company's inventory burned. Sales and purchases for the year had been $1,500,000 and $980,000, respectively. The beginning inventory (Jan. 1, 2014) was $170,000; in the past Felt's gross profit has averaged 40% of selling pr..
|
|
Bank reconciliation
: Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: Calculate the amount of the April 30: Outstanding checks
|
|
Assessing a company future financial health
: Following the nine-step assessment process introduced below and detailed in Assessing a Company's Future Financial Health:
|