Ford Motor Company is the world's second-largest producer of cars and trucks and ranks among the largest providers of financial services in the United States. The following informa- tion pertains to Ford:

a. Prepare a statement showing the trend percentages for each item, using 1993 as the base year.

b. Comment on the trends noted.

Transcribed Image Text:

(in millions) Sales Cost of goods sold Gross margin Operating expenses Net operating income. 1993 1994 1995 $91,568 $107,137 85,280 95,887 $110,496 101.171 $ 6,288 $ 11,250 $ 9,325 4,856 5,424 6,044 $ 1,432 $ 5,826 $ 3,281