Explain the purpose of an income statement and how it reflects the firm’s financial status. Include important points that an analyst would use in assessing the financial condition of the company.

Income Statement

Description

In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firm’s financial status. Include important points that an analyst would use in assessing the financial condition of the company.

Also, analyze Ford Motor Company’s income statement from its Ford Motor Company 2012 Annual Report (Links to an external site.).

Your paper must be formatted according to APA style as outlined in the Writing Center, and it must include citations
Reference/citation cannot be more than 15 percent of paper. Avoid long citations