Explain the purpose of a balance sheet


Assignment:

In a two to three page paper (not including the title and reference pages), explain the purpose of a balance sheet and analyze Ford Motor Company's balance sheet from its Ford Motor Company 2012 Annual Report (https://www.annualreports.com/HostedData/AnnualReportArchive/f/NYSE_F_2012.pdf). In your analysis, you must determine the financial ratios and compare them to industry standards.

Your paper must be formatted according to APA style.

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Financial Management: Explain the purpose of a balance sheet
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