Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 20 Accounts payable Accounts receivable 565 Accruals Inventories 910 Notes payable Total current assets $ 1,495 Total current liabilities Net plant and equipment 2,285 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,780 Total liabilities and equity 210 $ 610 1,520 $ 2,130 250 $ 1,400 $ 1,650 $ 3,780 490 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales $ 7,750 Operating costs excluding depreciation and amortization 5,790 EBITDA $ 1,960 Depreciation and amortization EBIT $ 1,470 Interest 170 EBT $ 1,300 Taxes (25%) 325 Net income $ 975 Common dividends paid $ 457 Earnings per share $ 9.75 a. Construct the statement of stockholders' equity for December 31, 2019. No common stock was issued during 2019. Write out all your answers completely. For example, 25 million 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, 12/31/18 $ 250,000,000 $ 2019 Net income Cash dividends Addition to RE Balances, 12/31/19 Enter your answers for parts b-d in 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. million C. At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. million 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 Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 20 Accounts payable Accounts receivable 565 Accruals Inventories 910 Notes payable Total current assets $ 1,495 Total current liabilities Net plant and equipment 2,285 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,780 Total liabilities and equity 210 $ 610 1,520 $ 2,130 250 $ 1,400 $ 1,650 $ 3,780 490 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales $ 7,750 Operating costs excluding depreciation and amortization 5,790 EBITDA $ 1,960 Depreciation and amortization EBIT $ 1,470 Interest 170 EBT $ 1,300 Taxes (25%) 325 Net income $ 975 Common dividends paid $ 457 Earnings per share $ 9.75 a. Construct the statement of stockholders' equity for December 31, 2019. No common stock was issued during 2019. Write out all your answers completely. For example, 25 million 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, 12/31/18 $ 250,000,000 $ 2019 Net income Cash dividends Addition to RE Balances, 12/31/19 Enter your answers for parts b-d in 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. million C. At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. million 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
