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In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firms

In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firms financial status. Include important points that an analyst would use in assessing the financial condition of the company. Also, analyze Ford Motor Companys income statement from its 2012 Annual Report.

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