Question
View the 2015 Annual Report for the Ford Motor Company (http://corporate.ford.com/investors/reports-and-filings/annual-reports.html#/undefined), a Fortune 50 company. Using this report, answer the following questions: Assuming that all
View the 2015 Annual Report for the Ford Motor Company (http://corporate.ford.com/investors/reports-and-filings/annual-reports.html#/undefined), a Fortune 50 company. Using this report, answer the following questions:
Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2013 were $8,281 million, compute the receivables turnover for 2015 and 2014. (Hint: Assume the total of accounts receivable is in trade receivables). Round your answer to two decimal places. What is your evaluation of the ratio and the difference between the two years?
Show all supporting calculations for your responses, as applicable. This problem requires calculations. In order to clearly show quantitative responses with calculations, insert a table(s) in Word so that your completed assignment is well organized
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