Questions for: Ford Motor Company; NYSE: F ---- 2015 and 2016

*Ford Motor Company Financial Statements located on ii (second section down from top) at the following link: sec.gov ---> https://www.sec.gov/Archives/edgar/data/37996/000003799617000013/f1231201610-k.htm

1. Inventory: How is Inventory described for your SEC 10-K company? LIFO, FIFO, and/or average cost? Relate your answer to topics in our course.

2. Income Statement: Is it a single-step or multi-step income statement?

3. Calculate the Gross Profit and Gross Profit Percentage for this year and last year - 2015 and 2016

*Need the following details:

Net Sales

Cost of Goods Sold

Gross Profit

Gross Profit Percentage

***Need explanation to be written similar to the below example but for FORDS applicible information. Thank you.

In the example above, sales decreased, gross profit increased, and the gross profit percentage increased. Therefore, sales are more profitable. We made X cents of gross profit on every dollar of sales this year, but only X cents of gross profit on every dollar of sales last year. Sales decreased, but sales are actually generating more profit overall, both as an absolute dollar value and as a percentage.

Your description may be different, but these are comments you might make for this posting and in your SEC 10-K paper and project.