Use SEC EDGAR or another resource to obtain financial statements and notes for the following firms and fiscal year-ends. You can use their 10-K's or annual reports.

Company Exchange: Ticker Fiscal year end

Ford Motor NYSE: F December 31, 2017

Harley Davidson NYSE: HOG December 31, 2017

1. What was Harley Davidson's bad debt expense related only to accounts receivable (not financing receivables) during fiscal2017?
2. What amount of accounts receivable (not financing receivables) did Harley Davidson's write off during fiscal2017?
3. Were there other adjustments to Harley Davidson's allowance for doubtful accounts (not related to financing receivables) in2017? If so, what was their effect on net accounts receivable?
4. Hypothetically (non-GAAP), Harley Davidson could have expensed bad debts related to accounts receivable at the time of write-offs rather than trying to match the expense to revenues.
5. How would choosing this treatment of bad debt expense related to accounts receivable affect cash flows?
6. How would it have qualitatively affected an estimate of the number of days it takes to collect accounts receivable?
7. If Harley Davidson's managers determined that the balance in their allowance for bad debt at the end of fiscal 2017 was $100,000 too high, and they decided to reduce it, what effect would this have on the company's ROA, gross profit margin ratio, and net profit margin ratio during 2017? Assume no tax effects.
8. Effect on ROA:
9. Effect on Gross Profit Margin Ratio:
10. Effect on Net Profit Margin Ratio:
11. Ford has a substantial deferred revenue liability.
12. Why does it have these liabilities on its balance sheet?
13. Explain why Ford would be violating U.S. GAAP if it recognized all related revenue at the time cash was received from customers, rather than recording any as deferred.