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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
(in thousands, except per share amounts)
Net revenue
costs of goods sold
Gross profit
Financial services income
Financial services expense
Operating income from financial services
Selling,adminstrative and engineering expense
Income from operations
Investment income, net
Other, net
Income before provisions for income taxes
Provision for income taxes
Net income
Basic earnings per common share
Diluted earnings per common share
Cash Dividends per common share

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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