Business & Finance: Ford Co. Statement

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!