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eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets

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eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable $ 120 Accounts receivable 535 Accruals 310 Inventories 900 Notes payable 220 Total current assets $ 1,445 Total current liabilities $ 650 Net plant and equipment 2,375 Long-term bonds 1,520 Total liabilities $ 2,170 Common stock (100 million shares) 250 Retained earnings $ 1,400 Common equity $ 1,650 Total assets $ 3,820 Total liabilities and equity $ 3,820 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 4,000 3,080 920 $ Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT 80 $ 840 Interest 217 EBT $ 623 249.2 Taxes (40%) Net income $ 373.8 $ Common dividends paid Earnings per share 271.005 3.738 $ Earnings per share $ 3.738 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 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, 12/31/17 $ $ $ 2018 Net income Cash dividends Addition to RE Balances, 12/31/18 $ $ $ 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 Check My Work (1 remaining)

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