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a. Construct the statement of stockholders equity for December 31, 2016. No common stock was issued during 2016. b. How much money has been reinvested
a. Construct the statement of stockholders equity for December 31, 2016. No common stock was issued during 2016.
b. How much money has been reinvested in the firm over the years?
c. At the present time, how large a check could be written without it bouncing?
d. How much money must be paid to current creditors within the next year?
FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2016 (Millions of Dollars) Liabilities and Equity Cash and equivalents Accounts receivable S120 280 220 620 1,520 $2,140 260 1,600 $1,860 $4,000 $ 15 Accounts payable 880 Notes payable 2,590 Long-term bonds 515 Total current assets Net plant and equipment $1,410 Total current liabilities Total liabilities Common stock (100 million shares) Common equity Total liabilities and equity Total assets 54,000 Davidson Corporation: Income Statement for Year Ending December 31, 2016 (Millions of Dollars) $6,250 5,230 $1,020 220 S 800 180 5 620 248 372 5 146 S 3.72 EBIT EBT Taxes (40%) Net income Common dividends paid Eamings per shareStep by Step Solution
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