2013 Ford Annual Report- http://corporate.ford.com/doc/sr13-form-10-k.pdf View t
ID: 2459027 • Letter: 2
Question
2013 Ford Annual Report- http://corporate.ford.com/doc/sr13-form-10-k.pdf
View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions:
What was the amount of the current assets on December 31, 2013?
What was the amount in the allowance for doubtful accounts on December 31, 2013?
What is the par value of the company’s common stock? How many shares had been issued at the end of 2013?
What was the long-term debt on December 31, 2013? Of this total, which was the highest long-debt item and how much was it?
What was the accumulated depreciation on December 31, 2013? What method does the company use to depreciate its property, plant, and equipment?
What was the amount of accounts payable and accrued expenses on December 31, 2013? How much was for accrued interest expenses at December 31, 2013?
What were the reinvested (retained) earnings on December 31, 2013?
What were the total assets on December 31, 2013?
Explanation / Answer
Answer : 1 Current asset on December 31, 2013 was $ 131585 Million.
1. Cash & Cash Equivalents 14468
2. Marketable Securities 22100
3. Finance Receivables 77481
4. Other receivables 9828
5. Inventory 7708
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Total 131585
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Answer 2. Allowance for dobutful accounts $ 357 Million as per note 6 of Balance sheet
Answer 3. Par value of common stock $ .01 per share. 3913 Million share issued of commonstock at the end of 2013.
Answer 4 Long term debt $ 15017 Million. Public unsecured debt & securities $ 6799 million was highest debt item.
1. Long term payable with in one year 591
2. Long term debt payable after one year 14426
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Total 15017
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Answer 5 Accumulated Depreciation $ 31476 million. Straight Line Method used by company to depreciate its property, plant and equipment as per note no. 12 of balance sheet.
Answer 6 : Account Payable $ 19531 million and accrued expenses $ 40462 million. Accrued interest expenses $ 262 million at December 31, 2013.
Answer 7 : reinvested (retained) earning $ 23658 Million on December 31, 2013
Answer 8 : Total asset $ 202026 million on December 31, 2013.
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