Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT (in millions, except per share amounts) For the years ended December 31, 2015 2016 2017 $ 145,653

image text in transcribed

FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT (in millions, except per share amounts) For the years ended December 31, 2015 2016 2017 $ 145,653 Revenues Automotive Financial Services Other Total revenues (Note 4) 140,566 $ 8,992 141,546 $ 10.253 11,113 10 156,776 149,558 151.800 Costs and expenses Cost of sales Selling, administrative, and other expenses Financial Services interest, operating, and other expenses Total costs and expenses 124 446 10.763 7.358 142,577 126,183 10.972 8,904 146,059 131,332 11,527 9,104 151,963 Interest expense on Automotive debt 773 894 1,133 Non-Financial Services other income/loss), net (Note 5) Financial Services other income/loss) net (Note 5) Equity in net income of affiliated companies Income before income taxes Provision for Benefit from) income taxes (Note 7) Net income Less: Income (L088) attributable to noncontrolling interests Net income attributable to Ford Motor Company 1,854 372 1,818 10.252 2,881 7.371 (2) 7,373 S (269) 438 1.780 6.796 2,189 4.607 11 4,596 5 3,060 207 1,201 8,148 520 7,628 26 7,602 Please review the above Ford_IS_2017.pdf [+] and complete the table below by locating the 2017, 2016 and 2015 Total Revenues, Costs and Expenses, and Net Income for Ford Motor Company? Then, look at the change in accounts from 2015 to 2017 and select the option that reflects if you think the trend is upward or downward. Ford 2017 2016 2015 Trending Total Revenues Select an answer Total Costs & Expenses Select an answer Net Income Select an

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2. Identify five movie characters who embody the renegade cop type.

Answered: 1 week ago