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Ford Motor Company is the world’s second-largest producer of cars and trucks and ranks among the...

Ford Motor Company is the world’s second-largest producer of cars and trucks and ranks among the largest providers of financial services in the United States. The following information pertains to Ford: (in millions)

(in millions) 1998 1999 2000
Sales $118.017 $135,073 $141,230
Cost of goods sold 104,616 118,985 126,120
Gross margin $ 13,401 $ 16,088 $ 15,110
Operating expenses 7,834 8,874 9,884
Net operating income $ 5,567 $ 7,214 $ 5,226

Prepare a statement showing the trend percentages for each item, using 1998 as the base year.

Comment on the trends noted in part (a).

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ekkarill92 answered 1 year ago
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