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Summary income statements and balance sheets are presented for Ford and General Motors for fiscal year 2001 (In millions). For additional information, their Web sites (and ticker symbols) are www.ford.com (F) and www.gm.com (GM). Note that these numbers are for over all operations, not just automotive. Note: These financial statements are partial statements. Income Statement (in millions) Ford Ford GM GM Fiscal Year 12/31/2001 12/31/2000 12/31/2001 12/31/2000 Revenue $162,412 $170,064 $177,260 $184,632 COGS 125,706 140,499 130,942 145,664 Gross Profit 36,706 29,565 46,318 38,968 SG & A 13,602 11,847 23,302 22,252 Interest Expense 10,848 10,902 8,590 9,552 Tax Expense (2,151) 2,705 768 2,393 Net Income (5,453) 3,467 601 4,452 Balance Sheet (in millions) Fiscal Year Cash & Marketable Securities Receivables, Trade (Net) Inventories Total Current Assets Total Fixed Assets Total Assets Total Current Liabilities Total Liabilities Total Stockholders' Equity Ford 12/31/2001 $7,218 3,152 6,191 36,260 33,121 276,543 44,546 268,757 7,786 Ford 12/31/2000 $4,851 6,272 7,514 39,310 37,508 284,421 43,327 265,811 18,610 GM 12/31/2001 $18,555 141,394 10,034 193,843 34,908 323,969 64,246 304,262 19,707 GM 12/31/2000 $10,284 135.002 10,945 208,920 33,977 303,100 63,156 272,925 30,175 Cash Flow Statement (in millions) Fiscal Year Cash Flow from Operations Cash Flow from Investing Cash Flow from Financing Ford 12/31/2001 $22,764 (17,169) (2,976) Ford 12/31/2000 $33,764 (9,867) (8,521) GM 12/31/2001 $9,166 (23,171) 22,372 GM 12/31/2000 $10,871 11,313 (890) (2) Given the information in Sheet 1, Calculate the liquidity ratios for Ford and GM. Show calulations following the table. Ford GM Year 2001 2001 Current Quick

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