Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting 11e and compute the rate of growth from 2017 to
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Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting 11e and compute the rate of growth from 2017 to 2018 and from 2018 to 2019 in "Sales" (from the income statement data) and "Total assets" (from the balance sheet data) for Ford and GM, competitors in the automobile manufacturing industry. Which company is growing faster? Rate of growth = {(current year dollar amount - previous year dollar amount)/previous year dollar amount}
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Financial Information of Ford Motor 2019 Fiscal Year-End Ford Motor Co (In Millions) 2018 2017 2016 Sales Cost of sales Operating expenses Interest expense Income tax expense Unusual Gains Unusual Losses Net income before Tax Net Income after Tax 155,900 144,165 160,338 145,732 156,776 140,368 151,800 135,042 Financial Information of General Motors Fiscal Year-End General Motors Co (In Millions) 2019 2018 2017 2016 Sales 137,237 110,651 147,049 120,656 145,588 116,229 149,184 121,784 Cost of sales
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