Solution:
2017 = $62,809 + $392 = $63,201
2016 = $57,368 + $412 = $57,780
= $62,809 / $156,776 * 365
= 146 Days (Approx)
= $57,368 + $62,809 / 2
= $60,088.5
= $156,776 / $60,088.5
= 2.6 times
= 365 / 2.6
= 140 days (Approx)
= $10,277 /$131,332 * 365
= 28 days (Approx)
= $8,898 + $10,277 / 2
= $9587.5
= $131,332 / $9587.5
= 13.7 times
= 365 / 13.7
= 26 Days (Approx)
= $115,902 – $94,600
= $21,302
= $115,902 / $94,600
= 1.2 : 1
= $ 105,625 / $94,600
= 1.1 : 1
= $18,492 + $20,435 / $94,600
= 0.41
= $18,180 + $ 21,302 / 2
= $19,741
= $156,776 / $21,302
= 7.35 times
Note: There is a mistake in question in amount of Account Rec. , So I calculated the answer according to the correct figures.
D. Ford Motor Company CONSOLIDATED BALANCE SHEET- USD (SI S in Millions Dec. 31, 2017 Dec....
Consolidated Balance Sheets USD (S) S in Millions Dec. 31, 2016 Dec. 31, 2017 2 Current Assets 3 Cash and cash equivalents $15.512 $12,574 11,841 Marketable securities (Note 4) 4 8,313 Calculate Gross Recievables S Accounts and notes receivable (net of allowance of $278 for 2017 and S212 for 2016) 6 nventories (Note 6) 7 Equipment on operating leases, net (Note 7) 8 Other current assets (Note 4; Note 12 at VIES) 9 Current assets held for sale (Note 3)...
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