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18. On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): 12/31/2013 12/31/2012 Total assets $9,405 $9,171 Total sales $5,900 $5,581 Net income $734 $624 Calculate return on assets (ROA) for 2013. A. 7.9% B. 62.7% C. 71.5% D. 8.3%

18. On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): 12/31/2013 12/31/2012 Total assets $9,405 $9,171 Total sales $5,900 $5,581 Net income $734 $624 Calculate return on assets (ROA) for 2013. A. 7.9% B. 62.7% C. 71.5% D. 8.3%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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### Question 18 On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): - **Total assets:** - 12/31/2013: $9,405 - 12/31/2012: $9,171 - **Total sales:** - $5,900 - **Net income:** - 12/31/2013: $734 - 12/31/2012: $624 Calculate return on assets (ROA) for 2013. - A. 7.9% - B. 62.7% - C. 71.5% - D. 8.3% **Your answer is ________________** **Explain your answer:** --- ### Question 19 Caterpillar Inc. reports net income for 2013 of $3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the year of $1,493 million. Assume there are no other transactions on retained earnings. What was the company’s retained earnings balance at the start of 2013? - A. $29,558 million - B. $30,361 million - C. $28,065 million - D. $26,572 million **Your answer is ________________** **Explain your answer:** --- ### Question 20 The 2013 financial statements of BNSF Railway Company report total revenues of $22,014 million, accounts receivable of $1,298 million for 2013 and $1,168 million for 2012. The company’s accounts receivable turnover for the year 2013 is: - A. 17.0 days - B. 8.9 times - C. 12.8 times - D. 17.9 times **Your answer is ________________** **Explain your answer:**
Transcribed Image Text:### Question 18 On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): - **Total assets:** - 12/31/2013: $9,405 - 12/31/2012: $9,171 - **Total sales:** - $5,900 - **Net income:** - 12/31/2013: $734 - 12/31/2012: $624 Calculate return on assets (ROA) for 2013. - A. 7.9% - B. 62.7% - C. 71.5% - D. 8.3% **Your answer is ________________** **Explain your answer:** --- ### Question 19 Caterpillar Inc. reports net income for 2013 of $3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the year of $1,493 million. Assume there are no other transactions on retained earnings. What was the company’s retained earnings balance at the start of 2013? - A. $29,558 million - B. $30,361 million - C. $28,065 million - D. $26,572 million **Your answer is ________________** **Explain your answer:** --- ### Question 20 The 2013 financial statements of BNSF Railway Company report total revenues of $22,014 million, accounts receivable of $1,298 million for 2013 and $1,168 million for 2012. The company’s accounts receivable turnover for the year 2013 is: - A. 17.0 days - B. 8.9 times - C. 12.8 times - D. 17.9 times **Your answer is ________________** **Explain your answer:**
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