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The Davidson Corporation's balance sheet and income statement are provided here The Davidson Corporation's balance sheet and income statement are provided here. $ 110 240
The Davidson Corporation's balance sheet and income statement are provided here
The Davidson Corporation's balance sheet and income statement are provided here. $ 110 240 W 240 Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable Accounts receivable 570 Accruals Inventories 890 Notes payable Total current assets $ 1,470 Total current liabilities Net plant and equipment 2,510 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,980 Total liabilities and equity $ 590 1,520 $ 2,110 270 $ 1,600 $ 1,870 $ 3,980 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 8,750 4,987.5 Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $ 3,762.5 612.5 EBIT $ 3,150 Interest 211 EBT $ 2,939 1,175.6 Taxes (40%) Net income 1,763.4 $ Common dividends paid Earnings per share 1,357.818 17.634 $ a. 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. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $ million c. 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 d. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. $ millionStep by Step Solution
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