Question
The Davidson Corporation's balance sheet and income state-ment are provided here. Davidson Corporation: Balance sheet as of December 31, 2021 (millions of dollars) assets Cash
The Davidson Corporation's balance sheet and income state-ment are provided here. Davidson Corporation: Balance sheet as of December 31, 2021 (millions of dollars) assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment $ 15 515 880 $1,410 2,590 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $4,000 Total liabilities and equity $ 120 280 220 $ 620 1,520 $2,140 260 1,600 $1,860 $4,000
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