Refer to the financial statements of Polaris and aortic cat and answer the following questions (for any calculations required, it is best to show numbers and formula used to calculate the answer stated):

1. Compute the total amount for long-term liabilities only for 2011 for polaris: _______________________________________________________________________________ 2. Compute the total amount for long-term liabilities only for 2010 for polaris: _______________________________________________________________________________ 3. Compute the debt-to-equity ratio for 2011 for polaris: _______________________________________________________________________________ 4. Compute the debt-to-equity ratio for 2010 for polaris: _______________________________________________________________________________ 5. If the industry average is 0.64 for debt-to-equity, is polaris financing structure more or less risky than the industry? ____________________________________________________________ 6. Compute the debt-to-equity ratio for 2011 for artic cat: _______________________________________________________________________________ 7. Compute the debt-to-equity ratio for 2010 for artic cat: _______________________________________________________________________________ 8. If the industry average is 0.64 for debt-to-equity, is artic cat financing structure more or less risky than the industry? ____________________________________________________________ 9. Which company (polaris or artic cat) financing structure is least risky? ______________________ 10. In polaris’ note 9 under leases: what are the two types of leases that polaris has? _________________________________________________________________________________ 11. What is polaris’ total comprehensive income balance for december 31, 2011? ________________________________________________________________________________________ 12. What is artic cat’ total comprehensive income balance for december 31, 2011? ________________________________________________________________________________________ 13. Compute polaris’ return on total assets for the year ended december 31, 2011 (to find average total assets – add the amount of total assets for 2011 and 2010 and divide by 2) ___________________________________________________________________________________ 14. Compute artic cat’ return on total assets for the year ended december 31, 2011 (to find average total assets – add the amount of total assets for 2011 and 2010 and divide by 2) ___________________________________________________________________________________ 15. Compute return on total assets for the year ended december 31, 2010 for polaris. Assume total assets at december 31 2009 are $763,653 (to find average total assets – add the amount of total assets for 2010 and 2009 and divide by 2): __________________________________________________________________________________ 16. Compute return on total assets for the year ended december 31, 2010 for artic cat. Assume total assets at december 31 2009 are $251,165 (to find average total assets – add the amount of total assets for 2010 and 2009 and divide by 2): __________________________________________________________________________________ 17. What was the per share amount of the cash dividend declared in 2011 for polaris? __________________________________________________________________________________ 18. What was the amount of unrealized gain on available for sale securities in 2010 for polaris? __________________________________________________________________________________ 19. What was the per share amount of the cash dividend declared in 2009 for artic cat? __________________________________________________________________________________ 20. What was the amount of unrealized loss on derivative instruments, net of tax in 2011 for artic cat? __________________________________________________________________________________

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Refer to the financial statements of Polaris and arctic cat in appendix a in our text to answer the following questions for any calculations required it is best to show numbers and formula used to cal... View the full answer