Question
Someone help me please to solve this Problem 3-16 Financial Statements The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance
Someone help me please to solve this
Problem 3-16 Financial Statements The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2014 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $10 Accounts payable $110 Accounts receivable 555 Notes payable 230 Inventories 850 Accruals 270 Total current assets $1,415 Total current liabilities $610 Net plant and equipment 2,545 Long-term bonds 1,490 Total debt $2,100 Common stock (100 million shares) 260 Retained earnings 1,600 Common equity $1,860 Total assets $3,960 Total liabilities and equity $3,960
Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars)
Construct the statement of stockholders' equity for December 31, 2014. No common stock was issued during 2014. 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.
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Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars) Sales $4,500 Operating costs excluding depreciation and amortization 2,880 EBITDA $1,620 Depreciation and amortization 180 EBIT $1,440 Interest 231 EBT $1,209 Taxes (40%) 483.6 Net income $725.4 Common dividends paid $406.224 Earnings per share $7.254 Construct the statement of stockholders' equity for December 31, 2014. No common stock was issued during 2014. 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, 12/31/13 $ $ $ 2014 Net income $ Cash dividends $ Addition to RE $ Balances, 12/31/14 $ $ $ 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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