Company: Ford Motor CompanyItemAmount (in millions)Cash and Cash Equivalents$20,300Accounts Receivable$15,700Inventory$21,000Total Current Assets$65,000Property, Plant, Equipment$45,000Total Assets$150,000Accounts...

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Question

Accounting

Company: Ford Motor Company

Item

Amount (in millions)

Cash and Cash Equivalents

$20,300

Accounts Receivable

$15,700

Inventory

$21,000

Total Current Assets

$65,000

Property, Plant, Equipment

$45,000

Total Assets

$150,000

Accounts Payable

$25,000

Short-term Debt

$8,000

Total Current Liabilities

$50,000

Long-term Debt

$45,000

Total Liabilities

$95,000

Total Equity

$55,000

Questions:

  1. Calculate Ford's current ratio.
  2. Determine Ford's quick ratio (acid-test ratio).
  3. What is Ford’s debt to equity ratio?
  4. Compute the working capital of Ford.
  5. If Ford had net sales of $160,000 million and cost of goods sold of $120,000 million, what is the inventory turnover ratio?

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