Question

Harley-Davidson is the parent company of Harley-Davidson Motor, Buell Motorcycle, and Harley-Davidson Financial Services. It is most well-known for producing heavyweight, custom, and touring motorcycles as well as parts, accessories, and apparel. Harley-Davidson Financial Services provides wholesale and retail financing and insurance programs to dealers and customers. A recent Harley-Davidson annual report contained the following slightly modified items ($ in thousands) for the year ending December 31, 2011:


1. Prepare a combined single-step statement of income and retained earnings for the year.
2. Compute the percentage of gross profit on sales and the percentage of net income to sales.
3. The average stockholders’ equity for the year was $2,313,561. What was the percentage of net income to average stockholders’equity?


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  • CreatedFebruary 20, 2015
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