Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze Deere & Company Deere & Company (DE) manufactures and distributes farm and construction machinery that it sells around the world. In addition to its

image text in transcribed
Analyze Deere & Company Deere & Company (DE) manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere's credit division loans money to customers to finance the purchase of their farm and construction equip The following information is available for three recent years in millions except per share amounts): Year 3 Year 2 Year 1 Net Income (loss) $1.523.9 $1,940.0 $3,161.7 Preferred dividends $ 0.00 $ 0.00 $ 0.00 Interest expense $763.7 $ 680.0 $ 664.0 Shares outstanding for computing earnings per share 315 334 363 Cash dividend per share 5 2.40 $ 2.40 $ 2.22 Average total assets $57,965 $ 59,642 $ 60,429 Average stockholders' equity $ 6,644 $7,912 59,667 Average stock price per share $ 92.03 $81.10 $ 85.58 1. Calculate the following ratios for each year (Round ratios and percentages to one decimal place, except for per-share amounts. Round amounts to two decimal places. Year 3 Year 2 Year 1 a. Return on total assets 98 % b. Return on stockholders culty 96 90 caminos pershan S d. Dividend ved 95 96 e, Procionats Check My Work Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping Guidebook A Practitioners Guide

Authors: Steven M. Bragg

1st Edition

1938910419, 978-1938910418

More Books

Students also viewed these Accounting questions

Question

On what basis might Cameron maintain a suit against Anderson?

Answered: 1 week ago