View the 2015 Annual Report for the Ford Motor Company (download the PDF of the Annual Form 10-K report from the website), a Fortune 50 company. Using this report, answer the following questions:

1.Does the company use a multiple-step or a single-step format on its income statement? Explain.

2.What was the net income for 2015? What was the basic net income (earnings) per common share for 2015?

3.What was the gross profit for 2015? For 2014?

4.How much interest expense was incurred in 2015? In 2014?

5.What was the amount of income before income taxes for 2015? For 2014?

6.What was the amount of selling, general, and administrative expenses in 2015? Of this amount, what was the amount for stock-based compensation expense?

7.What amount of dividends on common stock was paid per share and in total in 2015?

8.What were the total revenues and income before income taxes, respectively, for the fourth quarter of 2015?

9.How much was the net cash provided (or used) by operating activities in 2015? In 2014?

10.How much was the net cash provided (or used) by investing activities in 2015? In 2014?

11.How much was the cash provided by the issuances of debt in 2015? In 2014?

12.What were the cash and cash equivalents at the end of 2015 and 2014? What does the company classify as cash equivalents? 13.What were the total accounts receivable (net) at the end of 2015? At the end of 2014?

14.Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 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?

15.Which inventory method(s) does the company use? Explain why you think the company selected this method(s).

16.Compute the inventory turnover ratio for 2015 and 2014 using the ending inventory instead of the average inventory. What is your evaluation of the difference?

17.What was the total amount of inventories on December 31, 2015, and 2014? What were the principal categories of inventory on these dates?

18.What was the amount of the current assets on December 31, 2015?

19.What was the amount in the allowance for doubtful accounts on December 31, 2015?

20.What is the par value of the companys common stock? How many shares had been issued at the end of 2015?

21.What was the long-term debt on December 31, 2015? Of this total, which was the highest long-debt item and how much was it?

22.What was the accumulated depreciation on December 31, 2015? What method does the company use to depreciate its property, plant, and equipment?

23.What was the amount of accounts payable and accrued expenses on December 31, 2015? How much was for accrued interest expenses at December 31, 2015?

24.What were the reinvested (retained) earnings on December 31, 2015?

25.What were the total assets on December 31, 2015?

26.What were the current liabilities on December 31, 2015?

27.What was the cost of the treasury stock held by the company on December 31, 2015?

28.What are the companys operating segments?

29.What are the companys segment products and services?

30.What is the estimated useful life of the property, plant, and equipment; land improvement; and buildings?

31.What was the total amount of intangible assets that the company reported at the end of 2015, and how did the company capitalize and amortize the different intangible assets?

32.Why does the company amortize some of its intangible assets but not others?

33.Do you think that the company has additional intangibles that are not recorded on the balance sheet? Why? How would this issue affect your understanding of the companys financial performance?

34.What were the total debt and debt components at the end of 2015? 35.What are the companys commitments and contingencies?

36.What are the terms of the companys credit agreement?