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130 260 210 Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts

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130 260 210 Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable Accounts receivable 555 Accruals Inventories 850 Notes payable Total current assets $ 1,420 Total current liabilities Net plant and equipment 2,540 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,960 Total liabilities and equity $ 600 1,520 $ 2,120 240 $ 1,600 $ 1,840 $ 3,960 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net Income 5,750 4,255 1,495 402.5 1,092.5 212 880.5 352.2 528.3 MacBool Taxes (40%) Net Income $ 528.3 Common dividends paid $ 200.754 Earnings per share 5.283 a. Construct the statement of stockholders equity for December 31, 2018. No common stock was issued during 2018. Write out all your answers completely. For example, 25 milion should be entered as 25,000,000. Round your answers to the nearest Share or dollar. Common Stock Retained Total Stockholders' Shares Amount Earnings Equity Balances, 12/31/17 2018 Net Income Cash dividends Addition to RE Balances, 12/31/18 Enter your answers for parts b-din millions. For example, an answer of $25,000,000 should be entered as 25. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. mon 6. At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, necessary. milion d. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. million MacBook Pro

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