Financial and Managerial Accounting for MBAs 6th Edition Easton Solutions Manual

Solutions Manual Financial Accounting for MBAs 8thEdition Easton Solutions Manual Net income: $752 mil PREVIEW ■■ Discounted Cash Flow Valuation ■■ Residual Operating Income Valuation ■■ Forecasting Assumptions ■■ Forecasting Financial Statements ■■ ROE Disaggregation ■■ RNOA Disaggregation Analysis ■■ Disaggregation of Margin and Turnover ■■ Credit Analysis ■■ Income Statement ■■ Balance Sheet ■■ Off-Balance-Sheet Items ■■ Statement of Cash Flows ■■ Audit Opinion Valuing Equity Securities Assessing Profitability and Creditworthiness Reviewing the Financial Statements Comprehensive Case Forecasting Accounting Numbers Appendix C Comprehensive Case This appendix consists of a comprehensive case that presents a financial accounting analysis and interpretation of Harley-Davidson’s performance and position. We illustrate many of the key financial reporting topics covered in the book. We review the company’s financial statements and notes, forecast key accounts, and conclude with estimates of Harley-Davidson’s equity value. Harley-Davidson Operating Cash Flow Investing Cash Flow Financing Cash Flow Net Income (Loss) Operating Cash Flow Market Cap $14B $1.4B $15B 2018 $13B 2017 $1.2B $12B $13B 2016 $11B $1.0B 2015 $10B $0.8B $11B 2014 $9B $0.6B 2013 $9B $8B 2012 $0.4B $7B $7B 2011 $6B $0.2B 2010 $(2.0)B $(1.5)B $(1.0)B $-0.5B $0.0B $0.5B $1.0B $5B $1.5B $0.0B $5B 2018 Cash Flow by Type Net Income, Operating Cash Flow and Market Cap C-1 Road Map LO Learning Objective | Topics Page eLecture C-1 Explain and illustrate a review of financial statements and their components. Income Statement :: Balance Sheet :: Statement of Cash Flows :: Audit Opinion C-3 eC–1 C-2 Assess company profitability and creditworthiness. ROE Disaggregation :: RNOA Disaggregation :: Credit Analysis C-23 eC–2 C-3 Forecast financial statements. Income Statement :: Balance Sheet :: Statement of Cash Flows C-27 eC–3 C-4 Describe and illustrate the valuation of firm equity. Discounted Cash Flow Valuation :: Residual Operating Income Valuation :: Assessment C-30 eC–4