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
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
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Given Data Ford GM Sales 128954 135592 Cost of goods sold 122296 130508 1 The total productivity for the auto makers is shown below for the given data Also while not required the results for 2007 and ... View full answer
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