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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2016 (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, 2016
(Millions of Dollars)
AssetsLiabilities and Equity
Cash and equivalents$20Accounts payable$130
Accounts receivable495Accruals220
Inventories810Notes payable240
Total current assets$1,325Total current liabilities$590
Net plant and equipment2,425Long-term bonds1,490
Total liabilities$2,080
Common stock (100 million shares)270
Retained earnings1,400
Common equity$1,670
Total assets$3,750Total liabilities and equity$3,750

Davidson Corporation: Income Statement for Year Ending December 31, 2016
(Millions of Dollars)
Sales$6,500
Operating costs excluding depreciation and amortization4,875
EBITDA$1,625
Depreciation and amortization455
EBIT$1,170
Interest208
EBT$962
Taxes (40%)384.8
Net income$577.2
Common dividends paid$366.522
Earnings per share$5.772
  1. Construct the statement of stockholders' equity for December 31, 2016. No common stock was issued during 2016. 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 StockRetainedTotal Stockholders'
    SharesAmountEarningsEquity
    Balances, 12/31/15$$$
    2016 Net income
    Cash dividends
    Addition to RE
    Balances, 12/31/16$$$
    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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