• Ford Motor Company reported the following financial information for the year:
  • Net Sales: $160 billion
  • Cost of Goods Sold: $120 billion
  • Operating Expenses: $25 billion
  • Income Tax Expense: $5 billion
  • Net Income: $10 billion

• Requirements:
  1. Calculate Ford's gross profit margin for the year.
  2. Prepare a classified income statement showing the components of operating expenses.
  3. Analyze the effective tax rate for Ford based on income tax expense and net income.
  4. Discuss Ford's profitability ratios, including return on assets (ROA) and return on equity (ROE).
  5. Evaluate the impact of currency exchange rates on Ford's international sales.