The following data were obtained from the recent financial statements for two U.S. automakers (in millions of

Question:

The following data were obtained from the recent financial statements for two U.S. automakers (in millions of dollars).

______________________Ford__________GM

Sales.....................$128,954..........$135,592

Cost of goods sold......122,296............130,508

Required

1. Calculate and interpret total productivity in dollars for the two automakers. Assume that total variable manufacturing costs are 80% of cost of goods sold for each automaker.

2. Go to the Internet for these companies and look under investor information to find the financial statements for each company. Review the sections on management's discussion and analysis and related financial statements and disclosures, and find the market size and market share information provided by these firms.

Ford: www.ford.com

GM: www.gm.com

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Cost Management A Strategic Emphasis

ISBN: 978-0077733773

7th edition

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

Question Posted: