After listing on the NYSE, which form did Daimler-Benz use to file its annual report with the SEC? O Form 10Q O Form 10K O Form 20-F O Form 14F
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Taha T.
Below are the calendar year 2019 Annual Reports for Daimler (Mercedes Benz) (MB), prepared under IFRS, and Ford Motor Company (Ford), prepared under the US GAAP: Daimler 2019 Annual Report Ford Motor Company 2019 Annual Report Select, prepare, and compare two common types of each of the following ratios for MB and Ford: Liquidity, Solvency, Profitability, and Management Efficiency Ratios/Measures. You will have a total of eight ratios using the financial statements included in the Annual Reports for each of these two firms. It would be best to prepare two years of ratio results for each company. Include the basis of your calculations in an Excel file with separate labeled tabs (one labeled MB and the other labeled Ford) attached as part of your initial response. Then attach the final ratios you calculated for each company, side-by-side, into your initial posting response. For each ratio you have chosen and calculated, compare and contrast the results between these two firms. Most importantly, comment on how the differences in the basis of preparation of the respective financial statements, including the related accounting rules followed by each company, might impact the comparison of those ratios between these two firms. Hint: you will need to review the Footnotes to the Financial Statements and the Summary of Significant Accounting Policies for both MB and Ford to identify potential differences in the accounting standards used by both companies.
Akash M.
Universal Products Company has almost finished its pro forma financial statements for 2022 as shown next: Universal Products Company Financial Statements 2021 and Pro Forma 2022 ($ thousands) INCOME STATEMENT Actual Forecast Sales 2,621 2,022 Cost of goods sold $6,900 $7,300 Operating expenses 5,400 5,500 Depreciation expense 700 700 Interest expense 250 260 Earnings before tax 90 80 Net income 161 266 BALANCE SHEET Actual Forecast Current assets 2,021 2,022 Net fixed assets $3,600 $3,000 Total assets 5,621 5,022 Current liabilities $6,600 Long-term debt $1,130 $1,250 Total liabilities & equity $7,730 $7,770 a. Assume that Universal plans to purchase $600,000 in fixed assets during 2022 and to dispose of no fixed assets during 2022. What would be its forecast for net fixed assets in 2022? b. Assume that Universal plans to have a dividend payout ratio of 50 percent in 2022 and will neither sell nor repurchase equity during 2022. What would be its forecast for owner's equity in 2022? c. Given the assumptions in questions a) and b), what is Universal's projected external funding required for 2022? Answer is complete but not entirely correct: Net fixed assets in 2022: $3,340 Owner's equity in 2022: $5,017
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