explain the purpose of a balance sheet and analyze Ford Motor Companys balance sheet from its Annual Report. In your analysis, you must determine the financial ratios and compare them to industry standards.

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  • explain the purpose of a balance sheet and analyze Ford Motor Companys balance sheet from its Annual Report. In your analysis, you must determine the financial ratios and compare them to industry standards.
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explain the purpose of a balance sheet and analyze Ford Motor Company's balance sheet from its Annual Report. In your analysis, you must determine the financial ratios and compare them to industry standards.

Answer----------------------------

Definition & Purpose of Balance Sheet-------------------------------

The Balance Sheet is a statement of financial position of a business at a specific point in time usually at the end of the month or year. By analyzing and reviewing this financial statement the current financial "health" of a business can be determined.

Pourpos of balance sheet---------------------------------

The Balance Sheet sums up the economic resources (assets), obligations (debts and other long-term liabilities) and the owners' Capital at a particular point of time. It also...

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