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EB eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars)
EB eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable Accounts receivable 595 Accruals Inventories 810 Notes payable Total current assets $ 1,420 Total current liabilities Net plant and equipment 2,375 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,795 Total liabilities and equity $ 110 290 225 625 1,490 $ 2,115 280 $ 1,400 $ 1,680 $ 3,795 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT $ 6,250 4,430 $ 1,820 160 $ 1,660 200 Interest EBT $ 1,460 365 Taxes (25%) Net income Common dividends paid Earnings per share $ 1,095 $ 400 $ 10.95 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 Earnings Total Stockholders' Equity Shares Amount $ $ $ Balances, 12/31/18 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
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