Financials Management Report 2022

Financial
Management

FINANCE 1
Stock exchange
There are two stock exchanges has been selected for evaluation and these are New York
Stock Exchange and NASDAQ. In New York Stock Exchange, Ford Motors has been selected as
a stock. In NASDAQ, Apple Inc. has been selected as a stock.
Differences
New York Stock Exchange is founded in the year 1792 and NASDAQ in 1971. NYSE
operates the business in Dealer’s market and NASDAQ in Auction Market. It has been found
that the market capitalization of NYSE is $11 trillion but the market capitalization of NASDAQ
is $21.3 trillion. The traffic controller of New York Stock Exchange is market maker and traffic
control is specialist (Daily Fx, 2018). It has been found that NASDAQ is listed as traded
corporation and NYSE was private.
Similarities
Both the stock exchanges are located in New York City in United States. In both the stock
exchange, companies provides the services to earns the profit for shareholders.
Free cash flow of Ford Motors (NYSE) and Apple (NASDAQ)
FORD MOTORS Free Cash Flow
2016
Net Income 4596
Add Interest Expense 894
5490

FINANCE 2
Less Tax shield on interest expenses 766.15
4723.85
Add Non-cash expense 9023
13746.85
Less Change in current asses -2071
Less Capital expenditure _
Free Cash Flow 15817.85
APPLE
Free Cash Flow
2016
Net Income 45687
Add Interest Expense 1456
47143
Less
Tax shield on interest
expenses 5489.75
41653.25
Add Non-cash expense 10505
52158.25
Less Change in current asses 19095
Less Capital expenditure _
Free Cash Flow 33063.25