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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)

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)
Assets Liabilities and Equity
Cash and equivalents $10 Accounts payable $140
Accounts receivable 495 Accruals 250
Inventories 920 Notes payable 230
Total current assets $1,425 Total current liabilities $620
Net plant and equipment 2,455 Long-term bonds 1,480
Total liabilities $2,100
Common stock (100 million shares) 280
Retained earnings 1,500
Common equity $1,780
Total assets $3,880 Total liabilities and equity $3,880
Davidson Corporation: Income Statement for Year Ending December 31, 2016
(Millions of Dollars)
Sales $6,000
Operating costs excluding depreciation and amortization 3,000
EBITDA $3,000
Depreciation and amortization 120
EBIT $2,880
Interest 147
EBT $2,733
Taxes (40%) 1,093.2
Net income $1,639.8
Common dividends paid $377.154
Earnings per share $16.398
Construct the statement of stockholders' equity for December 31, 2016. No common stock was issued during 2016. 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, 12/31/15 $ $ $
2016 Net income
Cash dividends
Addition to RE
Balances, 12/31/16 $ $ $

Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.

How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $ million

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

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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