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 Assets Cash and equivalents Accounts receivable Inventories $20 Accounts payable 505 Accruals 810 Notes payable $140 320 240 $700 1,510 Total current assets $1,335 Net plant and equipment Total current liabilities 2,745 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings $2,210 270 1,600 $1,870 $4,080 Common equity Total assets $4,080 Total liabilities and equity Davidson Corporation: Income Statement for Year Ending December 31, 2016 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income Common dividends paid Earnings per share $7,250 3,770 $3,480 362.5 $3,117.5 221 $2,896.5 1,158.6 $1,737.9 $1,259.9775 $17.379