Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From the attached table How many different assets does the company disclose on the balance sheet? How many different liabilities? Which of the assets and

From the attached table How many different assets does the company disclose on the balance sheet? How many different liabilities? Which of the assets and liabilities are sensitive to interest rate changes?

December 31, 2019 December 31, 2020
ASSETS
Cash and cash equivalents (Note 9) $ 17,504 $ 25,243
Marketable securities (Note 9) 17,147 24,718

Ford Credit finance receivables, net of allowance for credit losses of $162 and $394 (Note 10)

53,651 42,401

Trade and other receivables, less allowances of $63 and $84

9,237 9,993
Inventories (Note 11) 10,786 10,808
Assets held for sale (Note 2, Note 10, and Note 22) 2,383 47
Other assets 3,339 3,534
Total current assets 114,047 116,744

Ford Credit finance receivables, net of allowance for credit losses of $351 and $911 (Note 10)

53,703 55,277
Net investment in operating leases (Note 12) 29,230 27,951
Net property (Note 13) 36,469 37,083
Equity in net assets of affiliated companies (Note 14) 2,519 4,901
Deferred income taxes (Note 7) 11,863 12,423
Other assets 10,706 12,882
Total assets $ 258,537 $ 267,261
LIABILITIES
Payables $ 20,673 $ 22,204
Other liabilities and deferred revenue (Note 16 and Note 25) 22,987 23,645
Automotive debt payable within one year (Note 19) 1,445 1,194
Ford Credit debt payable within one year (Note 19) 52,371 49,969
Other debt payable within one year (Note 19) 130 180
Liabilities held for sale (Note 22) 526
Total current liabilities 98,132 97,192
Other liabilities and deferred revenue (Note 16 and Note 25) 25,324 28,379
Automotive long-term debt (Note 19) 13,233 22,342
Ford Credit long-term debt (Note 19) 87,658 87,708
Other long-term debt (Note 19) 470 291
Deferred income taxes (Note 7) 490 538
Total liabilities 225,307 236,450
EQUITY

Common Stock, par value $0.01 per share (4,025 million shares issued of 6 billion authorized)

40 40

Class B Stock, par value $0.01 per share (71 million shares issued of 530 million authorized)

1 1
Capital in excess of par value of stock 22,165 22,290
Retained earnings 20,320 18,243
Accumulated other comprehensive income/(loss) (Note 23) (7,728) (8,294)
Treasury stock (1,613) (1,590)
Total equity attributable to Ford Motor Company 33,185 30,690
Equity attributable to noncontrolling interests 45 121
Total equity 33,230 30,811
Total liabilities and equity $ 258,537 $ 267,261

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

Recommended Textbook for

A Step By Step Guide To Doing An Internal Audit Of Your Supply Chain

Authors: Barden Gonzalez

1st Edition

B0BZFCVLBR, 979-8388637338

More Books

Students also viewed these Accounting questions

Question

3. Explain why investors purchase corporate bonds.

Answered: 1 week ago

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago

Question

8. Explain the contact hypothesis.

Answered: 1 week ago

Question

2. Define the grand narrative.

Answered: 1 week ago