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Q1) A recent income statement for Harley-Davidson is provided below.

Harley Davidson, Inc.
Consolidated Statements of Income
Years ended December 31,2004,2003, and 2002
 
2004
2003
2002
(in thousands, except per share amounts)
 
 
 
Net revenue
$5,015,190
$4,624,274
$4,090,970
costs of goods sold
3,115,655
2,958,708
2,673,129
Gross profit
1,899,535
1,665,566
1,417,841
Financial services income
305,262
279,459
211,500
Financial services expense
116,662
111,586
107,273
Operating income from financial services
188,600
167,873
104,227
Selling,adminstrative and engineering expense
726,644
684,175
639,366
Income from operations
1,361,491
1,149,264
882,702
Investment income, net
23,101
23,088
16,541
Other, net
(5106)
(6,317)
(13,416)
Income before provisions for income taxes
1,379,486
1,166,035
885,827
Provision for income taxes
489,720
405,107
305,610
Net income
$889,766
$760,928
$580,217
Basic earnings per common share
3.02
2.52
1.92
Diluted earnings per common share
3
2.5
1.9
Cash Dividends per common share
0.405
0.195
0.135

Use this financial statement to reply following problems for 2004:

a. How much revenue did Harley-Davidson earn from selling motorcycles?

b. How much revenue did it earn from giving financial services?

c. How much revenue did it earn from non-operating activities?

d. What amount of gross profit did Harley-Davidson earn? Express your answer in both dollars and as percentage of net revenue.

e. Approximately how many shares of stock did Harley-Davidson have outstanding in year?

f. How much income from operations did Harley-Davidson earn in the year? Express your answer in both dollars and as percentage of total revenues (net revenue from sale of motorcycles plus financial services income).

g. Can amount of cash Harley-Davidson received from its operating activities in year be determined from income statement?  If so, what is the amount?  If not, describe why not?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920603

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