LotsOfEssays.com

esulting in a lower Gross Profit. Selling, General and Administrative expenses (S,G,&A) are trending upward, but this trend has been partially offset by a reduction in depreciation and amortization expense -- which is in part due to recent changes in Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (the FASB). After reporting a loss in calendar year 2001 of over $5.3 billion, Ford has recorded two successive years of profitable operations.

...