The statement of the Ford Motor Co. for the year ending June 30,1923, reflects a twelve-month of great prosperity. The Company's total assets are now $597,339,236 compared with $409,820,133 a year ago; its cash is (including good-will and trade marks) $230,000,000 against $145,000,000 last year; its surplus has grown from $289,000,000 to $414,000,000. In addition, a reserve of $62,000,000 has been set up for plant depreciation.
The cash position of the Company challenges comparison with any company in the world on the basis of the latest statements; but how much good-will and trade...
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