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Category > Business & Finance Posted 21 May 2017 My Price 7.00

CP 17-4 Profitability and stockholder ratios

CP 17-4 Profitability and stockholder ratios

Harley-Davidson, lnc., is a leading motorcycle manufacturer in the United States. The company manufactures and sells a number of different types of motorcycles, a complete line of motorcycle parts, and brand-related accessories, clothing, and collectibles. In recent years, Harley-Davidson has attempted to expand its dealer network and product lines internationally.

The following information is available for three recent years (in millions except pershare amounts):

 

2008

2007

2006

Net income (loss)

$655

$934

$1,043

Preferred dividends

$0.00

$0.00

$0.00

Interest expense

$4.50

$0.00

$0.00

Shares outstanding for

      

computing earnings per share

233

238

258

Cash dividend per share

$1.29

$1.06

$0.81

Average total assets

$6,743

$5,595

$5,394

Average stockholders’ equity

$2,246

$2,566

$2,921

Average stock price per share

$31.29

$58.44

$60.98

1. Calculate the following ratios for each year:

a. Rate earned on total assets

b. Rate earned on stockholders’ equity

c. Earnings per share

d. Dividend yield

e. Price-earnings ratio

2. What is the ratio of average liabilities to average stockholders’ equity for 2008?

3. Explain the direction of the dividend yield and price-earnings ratio in light of Harley-Davidson’s profitability trend.

 

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Status NEW Posted 21 May 2017 08:05 AM My Price 7.00

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