10. View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company
ID: 2492847 • Letter: 1
Question
10. 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: annual report - http://corporate.ford.com/doc/sr13-form-10-k.pdf
11. How much was the cash provided by the issuances of debt in 2013? In 2012?
12. What were the cash and cash equivalents at the end of 2013 and 2012? What does the company classify as cash equivalents?
13. What were the total accounts receivable (net) at the end of 2013? At the end of 2012?
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 2013 and 2012. (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).
Explanation / Answer
11)Particulars :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::2013::::::::::::::::::::::::::::::::::2012
Cash provided by the issuances of debt :::::::::::::::$40,543,000:::::::::::::::::::::::::$32,436,000
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12)
Cash and cash equivalents at the end::::::::::::::::::$5,000,000::::::::::::::::::::::::::$6,200,000
For the ford, they have mentioned Cash and cash equivalents as highly liquid investments, which has been easy to convert to meet the company needs.
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13) Accounts receivable (net):::::::::::::::::::::::::::$ 99,900,000::::::::::::::::::::$88,700,000
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15)LIFO and FIFO ford company using.
LIFO they were using to sell the goods which came late into the market but can sell for more profit.
FIFO they were using to calculating the ending inventory.
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