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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 14
Profitability and stockholder ratios
Deere Co. manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere Co.'s credit division loans money to customers to finance the purchase of their farm and construction equipment.
The following information is available for three recent years (in millions except per-share amounts):
1. Calculate the following ratios for each year (Round percentages to one decimal place):
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 Year 3
3. Based on these data, evaluate Deere Co.'s performance
Deere Co. manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere Co.'s credit division loans money to customers to finance the purchase of their farm and construction equipment.
The following information is available for three recent years (in millions except per-share amounts):
1. Calculate the following ratios for each year (Round percentages to one decimal place):
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 Year 3
3. Based on these data, evaluate Deere Co.'s performance
Explanation
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Verified
(In millions except per share amounts)
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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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