Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please review the above Ford 2015 Income Statement and complete the table below by locating the 2015, 2014 and 2013 Total Revenues, Costs and Expenses,

image text in transcribed

Please review the above Ford 2015 Income Statement image text in transcribed and complete the table below by locating the 2015, 2014 and 2013 Total Revenues, Costs and Expenses, and Net Income for Ford Motor Company? Then, look at the change in accounts from 2013 to 2105 and select the option that reflects if you think the trend is upward or downward.

Ford 2015 2014 2013 Trending
Total Revenues

Select an answer Up Down Same Inconsistent - moving up and down from year to year

Total Costs & Expenses

Select an answer Up Down Same Inconsistent - moving up and down from year to year

Net Income

Select an answer Up Down Same Inconsistent - moving up and down from year to year

FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT (in millions, except per share amounts) For the years ended December 31, 2015 2014 2013 Revenues 139,369 Automotive 140,566 135,782 Financial Services 8.992 8,295 7.548 146,917 Total revenues 149,558 144.077 Costs and expenses 124,041 125.025 120.190 Automotive cost of sales 14,999 Selling, administrative, and other expenses 15,716 10,850 Financial Services interest expense 2.454 2.699 2.860 Financial Services provision for credit and insurance losses 417 305 208 Total costs and expenses 141.911 143,745 134.108 Automotive interest expense 773 797 829 Automotive interest income and other income/(loss), net (Note 18) 1.188 76 974 Financial Services other income/(loss), net (Note 18) 372 348 348 1.275. 1.069 1,818 Equity in net income of affiliated companies Income before income taxes 10.252 1,234 14.371 Provision ford (Benefit from income taxes (Note 21) 2.881 2,425 Net income 7.371 1,230 11,946 Less: Income (Loss) attributable to noncontrolling interests (2) (1) (7) 7,373 Net income attributable to Ford Motor Company 1,231 11.953

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_2

Step: 3

blur-text-image_3

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

Describe the phases of the business cycle.

Answered: 1 week ago