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Discuss what is missing amount of liabilities

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Reference no: EM131769038

We have the following information for Ford for 2016:

Cash: $10B

Sales: $125B

Accounts Payable: $15B

Depreciation Expense: $5B

Interest Revenue: $2B

Dividends (paid): $3B

Inventory: $7B

Accrued Interest Payable: $1B

Wages Expense: $25B

Retained Earnings: $50B

Fixed Assets: $100B

Taxes Payable: $5B

Common Stock: $10B

Utilities Expense: $4B

A) Assume that all the revenues and expenses for Ford are listed. What is the net income?

B) Assume that all the assets are listed. What is the value for total assets?

C) Assume all the assets and equity accounts are listed. What is missing amount of liabilities?

Reference no: EM131769038

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