Question
Presented below are the financial details for Ford Motor Company for the year ending December 31, 2023: Income Statement: Revenue: $4,000,000 Cost of Goods Sold:
Presented below are the financial details for Ford Motor Company for the year ending December 31, 2023:
Income Statement:
Revenue: $4,000,000
Cost of Goods Sold: $3,200,000
Operating Expenses: $1,500,000
Taxes: $150,000
Net Income: -$850,000 (Net Loss)
Balance Sheet:
Cash: $400,000
Accounts Receivable: $750,000
Inventory: $800,000
Property, Plant, and Equipment: $1,600,000
Current Liabilities: $680,000
Long-term Debt: $850,000
Equity: $1,970,000
Compute the gross profit margin.
Calculate the return on assets (ROA).
Determine the current ratio.
Find the return on equity (ROE).
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