Harley-I)avidson reports 2007 net operating working capital of \(\$ 4,513\) million and 2007 long-term operating assets of \(\$ 1,518\) million.

a. Forecast Harley-Davidson's 2008 net operating working capital and 2008 long-term operating assets. Assume forecasted 2008 net revenue of \(\$ 6,150\) million, net operating working capital turnover of 1.32 times, and long-term operating asset turnover of 3.93 times. (Both tumover rates are computed here using year-end balances. Finance receivables and related debt are considered operating under the assumption that they are an integral part of Harley's operating activities.)

b. Most of Harley's receivables arise from its financing activities relating to purchases of motorcycles by consumers and dealers. What effect will these receivables have on Harley's operating working capital tumover rate?