a. Construct the statement of stockholders equity for December 31, 2015. No common stock was issued during 2015.

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: Income Statement for Year Ending December 31, 2015 (Millions of dollars) Sales Davidson Corporation: Balance Sheet as of December 31, 2015 Millions of dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable $ 120 Accounts receivable 515 Accruals 280 Inventories 880 Notes payable 220 Total current assets $1.410 Total current liabilities S 620 Net plant and equipment 2.990 Long-term bonds 1.520 Total liabilities $2.140 Common stock (100 260 million shares) Retained earings 1,600 Common equity 51.860 Total assets S4.000 Total liabilities and $4.000 equity Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT $6,250 5.230 $1.020 220 $ 800 Davidson Corporation Income Statement for Year Ending December 31, 2015 (Millions of Dollars) Interest EBT Taxes (40%) Net income Common dividends paid Eamings per share 180 $ 620 248 $ 372 $ 146 $ 3.72 Davidson Corporation: Income Statement for Year Ending December 31, 2015 (Millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT 56.250 5.230 $1,020 220 5 800 istruct the statement of stockholders' equity for December 31, 2015. No common s issued during 2015, Davidson Corporation Income Statement for Year Ending w much money has been reinvested in the firm over the years? i 1