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JUST NEED B, C and D answered The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December

JUST NEED B, C and D answered

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 $ 15 Accounts payable $ 100
Accounts receivable 570 Accruals 320
Inventories 840 Notes payable 235
Total current assets $ 1,425 Total current liabilities $ 655
Net plant and equipment 2,600 Long-term bonds 1,520
Total liabilities $ 2,175
Common stock (100 million shares) 250
Retained earnings $ 1,600
Common equity $ 1,850
Total assets $ 4,025 Total liabilities and equity $ 4,025
Davidson Corporation: Income Statement for Year Ending
December 31, 2018 (Millions of Dollars)
Sales $ 5,750
Operating costs excluding depreciation and amortization 2,817.5
EBITDA $ 2,932.5
Depreciation and amortization 287.5
EBIT $ 2,645
Interest 261
EBT $ 2,384
Taxes (40%) 953.6
Net income $ 1,430.4
Common dividends paid $ 479.184
Earnings per share $ 14.304
  1. 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.

  2. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $ million
  3. 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
  4. 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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