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Summary Wk2 Assignment Balance Sheet Ford.docx Balance Sheet “ Ford Motor Company Ashford University OMM 622: Financial Decision-Making Balance Sheet “ Ford Motor Company It is necessary for stakeholders to understand the financial strength of a busine$4.99
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Summary Wk2 Assignment Balance Sheet Ford.docx Balance Sheet “ Ford Motor Company Ashford University OMM 622: Financial Decision-Making Balance Sheet “ Ford Motor Company It is necessary for stakeholders to understand the financial strength of a busine
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Wk2 Assignment Balance Sheet F Balance Sheet “ Ford Motor Company Ashford University OMM 622: Financial Decision-Making Balance Sheet “ Ford Motor Company It is necessary for stakeholders to understand the financial strength of a business before investing; therefore, learning how to ...
wk2 assignment balance sheet forddocx balance sheet “ ford motor company ashford university omm 622 financial decision making balance sheet “ ford motor company it is necessary for stakeh
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Balance Sheet – Ford Motor Company
Ashford University
OMM 622: Financial Decision-Making
, 2
Balance Sheet – Ford Motor Company
It is necessary for stakeholders to understand the financial strength of a business before
investing; therefore, learning how to read a balance sheet is essential. Balance sheets provide
information about a firm’s assets, liabilities, and equity. According to Epstein (2014), even the
smallest deviation in a company’s balance sheet can throw the books off, and an essential
equation for accounting is Assets=Liabilities + Equity.
This paper plans to expose the purpose of a balance sheet and how it reflects the firm’s
financial status. In addition to explaining the purpose of a balance sheet, this paper will analyze
Ford Motor Company’s 2012 annual report, determine its financial ratios, and compare them to
industry standards.
What is the Purpose of a Balance Sheet?
A balance sheet, also known as a statement of financial position, is vital to the
organization as this document is made available to the public and has the ability to attract
investors. The balance sheet also provides audiences with information pertaining to acompany’s
financial stability, including successes and failures. Epstein (2014) states that companies use one
of three formats when presenting their balance sheet: report format, account format, or financial
position format. Formatting and data should be taken into consideration because even the tiniest
of errors can cause the statement to veer off balance.
When reviewing a balance sheet, the audience should take note of the date for which the
statement is covering, as this statement is subject to change on a daily basis just as the
company’s financials change daily.Numerous areas of the business are summarized in the
statement of financial position, which is why the balance sheet is ideal for providing a snapshot
of the firm’s financial strength. Assets, liabilities, and equity are key components of a balance
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