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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

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 $15 Accounts payable $140
Accounts receivable 525 Notes payable 210
Inventories 820 Accruals 230
Total current assets $1,360 Total current liabilities $580
Net plant and equipment 2,420 Long-term bonds 1,520
Total debt $2,100
Common stock (100 million shares) 280
Retained earnings 1,400
Common equity $1,680
Total assets $3,780 Total liabilities and equity $3,780

Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars)

Sales $8,750
Operating costs excluding depreciation and amortization 6,737.5
EBITDA $2,012.5
Depreciation and amortization 525
EBIT $1,487.5
Interest 126
EBT $1,361.5
Taxes (40%) 544.6
Net income $816.9
Common dividends paid $224.6475
Earnings per share $8.169

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

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 $_____ $______ $_______

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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