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Income Statement – Ford Motor Company Institution: Date: Income Statement An income statement is one of the financial reports of a company indicating the firm’s expenses and revenue during a given period of time. The basic purpose of the income statement is to display the effectiveness of company’s operations within a fixed period of time through demonstrating the ways proceeds from the activities are converted into net income that is profits and losses. Contrasted to the cash flow statement and balance sheet this financial report is chiefly concerned with operational efficiency within an organization. Moreover the income statement ultimately focuses on the manner into which a certain revenue input may be converted to profitability through evaluating things required so as to achieve that revenue (Suykens & Vandewalle 2012). Indeed the income statement paves the way to analyzing efficiency. For instance managers this aggressive improvement as far as financial analysis is concerned in 2012 more than 8 100 job opportunities were established. These improvements were accompanied by advancement of production capabilities that aimed at meeting the rising demand for fuel-efficiency and high-tech motor vehicles (Ford Motor Company 2012). While summing up Ford Motors Company is a competent firm and its growth and development are clearly reflected through positive outcomes resulting from its financial analysis. References Ford Motor Company. (2012). Profitable Growth for All. Ford Motor Company 2012 Annual Report Retrieved on 28th August 2017 from corporate.ford.com Hoffman B. G. (2012). American Icon: Alan Mulally and the fight to save Ford Motor Company. Three Rivers Press. Paul D. R. (2012). Polymer blends (Vol. 1). Elsevier. Suykens J. A. & Vandewalle J. P. (Eds.). (2012). Nonlinear Modeling: advanced black-box techniques. Springer Science & Business Media. [...]
Order Description:
In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firm’s financial status. Include important points that an analyst would use in assessing the financial condition of the company. Also, analyze Ford Motor Company’s income statement from its 2012 Annual Report http://corporate.ford.com/content/dam/corporate/en/investors/reports-and-filings/Annual%20Reports/2012-annual-report.pdf
Subject Area: Finance
Document Type: Research Paper
