Determine the financial statements of harley davidson

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Problem 1:

The financial statements of Harley Davidson, Inc. for the period 1985-1990 are presented below. Harley - Davidson was considered one of the success stories of the 1980s, having introduced world-class management techniques to turn around the company. At the same time, however, an examination of the company's return on equity indicates that after initial growth, the ratio stabilized and then declined.

                                                   Comparative Income Statements of

                                            Harley-Davidson Inc. for the Year Ended 1985 to 1990 (in $ Millions)

 

 

 

 

 

 

 

 

1985

1986

1987

1988

1989

1990

Sales

287.48

295.32

685.36

757.38

790.97

864.6

Cost of goods sold

209.69

210.45

506.91

559.53

582.7

619.1

Selling, general, and admin. expenses

57.34

60.06

104.14

111.91

127.61

144.27

Depreciation

7.53

8.72

14 86

15.73

14.23

16.45

Operating Profit

12.92

16.09

59.45

70.21

66.43

84.78

Other Income

0

0.75

0.52

4.38

4.54

0

Other Expense

0.34

0

3.6

19

0

10.72

Profi: Before Interest and Tax

12.58

16.84

56.37

70.69

70.97

74.06

Interest

9.41

9.51

25.51

24.67

17.96

11.44

Profi: Before Tax

3.17

7.33

30.86

46.02

53.01

62.62

Income Tax Expense

0.53

3.03

13.08

18.85

20A

24.31

Net Income

2.64

4.3

17.78

27.17

32.61

38.31

Reference no: EM132461118

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