The following data were obtained from the recent financial statements for two U.S. automakers (in millions of
Question:
The following data were obtained from the recent financial statements for two U.S. automakers (in millions of dollars).
______________________Ford__________GM
Sales.....................$128,954..........$135,592
Cost of goods sold......122,296............130,508
Required
1. Calculate and interpret total productivity in dollars for the two automakers. Assume that total variable manufacturing costs are 80% of cost of goods sold for each automaker.
2. Go to the Internet for these companies and look under investor information to find the financial statements for each company. Review the sections on management's discussion and analysis and related financial statements and disclosures, and find the market size and market share information provided by these firms.
Ford: www.ford.com
GM: www.gm.com
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Cost Management A Strategic Emphasis
ISBN: 978-0077733773
7th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins