EXHIBIT 1 Deere & Company Income Statements, 20122014 (in thousands, except per share amounts) ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
EXHIBIT 1
Deere & Company Income Statements, 20122014 (in thousands, except per share amounts)
2014
2013
2012
Net Sales and Revenues
Net sales
$32,960.6
$34,997.9
$33,500.9
Finance and interest income
2,282.1
2,115.1
1,981.3
Other income
824.2
682.4
674.9
Total
36,066.9
37,795.4
36,157.1
Costs and Expenses
Cost of sales
24,775.8
25,667.3
25,007.8
Research and development expenses
1,452.0
1,477.3
1,433.6
Selling, administrative and general expenses
3,284.4
3,605.5
3,417.0
Interest expense
664.0
741.3
782.8
Other operating expenses
1,093.3
820.6
781.5
Total
31,269.5
32,312.0
31,422.7
Income of Consolidated Group Before Income Taxes
4,797.4
5,483.4
4,734.4
Provision for income taxes
1,626.5
1,945.9
1,659.4
Income of Consolidated Group
3,170.9
3,537.5
3,075.0
Equity in income (loss) of unconsolidated affiliates
(7.6)
.1
(3.4)
Net Income
3,163.3
3,537.6
3,071.6
Less: Net income attributable to noncontrolling interests
1.6
.3
6.9
Net Income Attributable to Deere & Company
$ 3,161.7
$ 3,537.3
$ 3,064.7
Per Share Data
Basic
$ 8.71
$ 9.18
$ 7.72
Diluted
$ 8.63
$ 9.09
$ 7.63
Dividends declared
$ 2.22
$ 1.99
$ 1.79
Average Shares Outstanding
Basic
363.0
385.3
397.1
Diluted
366.1
389.2
401.5
Source: Deere & Company 2014 Annual Report.
EXHIBIT 2
Deere & Company Balance Sheets, Fiscal 2011-Fiscal 2013 (in thousands)
2014
2013
ASSETS
Cash and cash equivalents
$3,787.0
$3,504.0
Marketable securities
1,215.1
1,624.8
Receivables from unconsolidated affiliates
30.2
31.2
Trade accounts and notes receivablenet
3,277.6
3,758.2
Financing receivablesnet
27,422.2
25,632.7
Financing receivables securitizednet
4,602.3
4,153.1
Other receivables
1,500.3
1,464.0
Equipment on operating leasesnet
4,015.5
3,152.2
Inventories
4,209.7
4,934.7
Property and equipmentnet
5,577.8
5,466.9
Investments in unconsolidated affiliates
303.2
221.4
Goodwill
791.2
844.8
Other intangible assetsnet
68.8
77.1
Retirement benefits
262.0
551.1
Deferred income taxes
2,776.6
2,325.4
Other assets
1,496.9
1,274.7
Assets held for sale
505.0
Total assets
$61,336.4
$59,521.3
LIABILITIES AND STOCKHOLDERS EQUITY
LIABILITIES
Short-term borrowings
$8,019.2
$8,788.9
Short-term securitization borrowings
4,558.5
4,109.1
Payables to unconsolidated affiliates
101.0
106.9
Accounts payable and accrued expenses
8,554.1
8,973.6
Deferred income taxes
160.9
160.3
Long-term borrowings
24,380.7
21,577.7
Retirement benefits and other liabilities
6,496.5
5,416.7
Liabilities held for sale
120.4
Total liabilities
52,270.9
49,253.6
STOCKHOLDERS EQUITY
Common stock, $1 par value (authorized, 1,200,000,000 shares; issued, 536,431,204 shares in 2014 and 2013), at paid-in amount
3,675.4
3,524.2
Common stock in treasury, 190,926,805 shares in 2014 and 162,628,440 shares in 2013, at cost
(12,834.2)
(10,210.9)
Retained earnings
22,004.4
19,645.6
Accumulated other comprehensive income (loss)
(3,783.0)
(2,693.1)
Total Deere & Company stockholders equity
9,062.6
10,265.8
Noncontrolling interests
2.9
1.9
Total stockholders equity
9,065.5
10,267.7
Total Liabilities and Stockholders Equity
$61,336.4
$59,521.3
Question: Calculate the following ratios: Gross profit margin, operating profit margin, net profit margin, total return on assets, ROE, ROE, ROIC, EPS, current atio, working capital, debt to assets ratio, long term debt to capital ratio.
Note: year 2012 in the balance sheet is omited so only 2014 and 2013 are used for the calculations that needs data from the balance sheet.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!