Calculation of revenue from each activity gross profit

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Reference no: EM13356193

Calculation of revenue from each activity, gross profit, income statement.

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
	2004	2003	2002
(in thousands, except per share amounts)
Net revenue	$5,015,190	$4,624,274	$4,090,970
costs of goods sold	3,115,655	2,958,708	2,673,129
Gross profit	1,899,535	1,665,566	1,417,841
Financial services income	305,262	279,459	211,500
Financial services expense	116,662	111,586	107,273
Operating income from financial services	188,600	167,873	104,227
Selling,adminstrative and engineering expense	726,644	684,175	639,366
Income from operations	1,361,491	1,149,264	882,702
Investment income, net	23,101	23,088	16,541
Other, net	(5106)	(6,317)	(13,416)
Income before provisions for income taxes	1,379,486	1,166,035	885,827
Provision for income taxes	489,720	405,107	305,610
Net income	$889,766	$760,928	$580,217
Basic earnings per common share	3.02	2.52	1.92
Diluted earnings per common share	3	2.5	1.9
Cash Dividends per common share	0.405	0.195	0.135

Use this financial statement to answer the following questions for 2004:

a.How much revenue did Harley-Davidson earn from selling motorcycles?

b.How much revenue did it earn from providing 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 a percentage of net revenue.

e.Approximately how many shares of stock did Harley-Davidson have outstanding during the year?

f.How much income from operations did Harley-Davidson earn during the year? Express your answer in both dollars and as a percentage of total revenues (net revenue from the sale of motorcycles plus financial services income).

g.Can the amount of cash Harley-Davidson received from its operating activities during the year be determined from the income statement? If so, what is the amount? If not, why not?

Reference no: EM13356193

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