Instructions: Locate Ford$$s $202310-$K $($annual report$)[1]$ and answer the questions below. Overall, you will be using this information to guide your decision making as a potential investor. All work must be your own and you cannot work in groups. Additionally, the use of AI is prohibited.

Other Important Instructions:

$$ Submit as Word Doc or PDF $($not both$)$ on Blackboard.

$$ Due $12/13/24$ at $11$:$59$pm$,$ late submissions not accepted.

$$ Use the formulas from the book. Using formulas from other sources may result in different quantitative results. No credit will be awarded in instances where non$-$book formulas are used.

Part $1.$ Management$$s Discussion and Analysis $($MD&A$).$

$1.)$ Briefly discuss and summarize the information disclosed in the Management Discussion & Analysis $($MD&A$)$ section. Focus only on the points that you think are most important to you as a potential banana investor in your summary.

$$

Part $2.$ Profitability. $($show formulas and work$)$

Calculate each of the following ratios. Provide a brief interpretation for each ratio.

$$

$1.)$ Return on sales:

$2.)$ Gross profit ratio:

$3.)$ Return on equity:

$$

Part $3.$ Short$-$Term Liquidity. $($show formulas and work$)$

Calculate each of the following ratios. Provide a brief interpretation for each ratio.

$1.)$ Current ratio:

$2$a$.)$ Accounts receivable turnover:

$2$b$.)$ Average collection period:

$$

Part $4.$ Long$-$Term Solvency & Equity. $($show formulas and work$)$

Calculate the following ratio. Provide a brief interpretation.

$1.)$ Debt to equity ratio:

$$Part $5.$ Inventory Analysis. $($show formulas and work$)$

Calculate each of the following ratios. Provide a brief interpretation for each ratio.

$1.$ Inventory turnover:

$2.$ Days$$ sales in inventory:

Part $6.$ Recommendation & Conclusion

Based on the information you gathered from the $10-$K$,$ would you personally invest in this company? Explain your position in detail, and feel free to incorporate any other information you discover in the $10$K into your explanation. $($Hint: In your explanation you can include a discussion of trends you discover in key ratios and$/$or you can discuss these ratios in relation to competitors$).$

$[1]$ Hint: The correct annual report says $$For the fiscal year ended December $31,2023$ at the top.

the book that we use is

Financial Accounting for Undergraduate

fifth edition

james s$.$ wallace

karen k$.$ nelson

theodore e$.$ christensen