Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please fill in blanks and check my answers. Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash

Please fill in blanks and check my answers. image text in transcribed
image text in transcribed
Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable Accounts recevable 605 Accruals Inventories 850 Notes payable Total current assets $ 1,465 Total current liabilities Net plant and equipment 2,445 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,910 Total liabilities and equity $ 140 280 230 $ 650 1,500 $ 2,150 260 $ 1,500 $ 1,760 $ 3,910 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales $ 7,000 Operating costs excluding depreciation and amortization 5,720 EBITDA $ 1,280 Depreciation and amortization 390 EBIT 890 Interest 230 EBT $ 660 Taxes (25%) 165 Net income $ 495 Common dividends paid $ 236 Earnings per share 4.95 a. Construct the statement of stockholders' equity for December 31, 2019. No common stoc million should be entered as 25,000,000. Round your answers to the nearest share or doll $ Common Stock Shares Amount Balances 12/31/18 100.000.000 260,000,000 per snare 4.95 3. Construct the statement of stockholders equity for December 31, 2019. Na common stock wassed 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 Total holder Shares Amount Caming Eq Balance 12/31/18 100,000,000 $ 260,000,000 1241,000,000 $ 2019 Net Income 495,000,000 Cash dividends 236,000,000 Addition to RE Balances, 12/31/19 100,000,000 5 260,000,000 13 1.500,000,000 11.760,000,000 Enter your answers for parts bedin millions. For example, an answer of 25,000,000 should be entered as 25 6. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of mision necessary $ 1,500 million c. At the present time, how large a check could be written without it bouncing Round your answer to the nearest hundredth of mon i necessary 5 10 million d. How much money must be paid to current creditors within the next year round your answer to the nearest hundredth of milion, if necessary $ 650 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Trade With High Probability

Authors: Ricardo Moneta

1st Edition

1542590159, 978-1542590150

More Books

Students also viewed these Finance questions