Deere & Co. manufactures and distributes farm and construction machinery that it sells around the world. In

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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 pershare amounts):
Deere & Co. manufactures and distributes farm and construction machinery

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

Dividend Yield
Dividend yield refers to a stock's annual dividend payments to shareholders, expressed as a percentage of the stock's current price. The dividend per share that a company pays divided by the share price. This is reported on the financial statements...
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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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