The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of
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Question:
The Davidson Corporation's balance sheet and income statement are provided here.
Davidson Corporation: Balance Sheet as of December
millions of dollars
Davidson Corporation: Income Statement for Year Ending
December millions of dollars
a Construct the statement of stockholders' equity for December No common stock was issued during Write out all your answers completely. For example, a Construct the statement of stockholders' equity for December No common stock was issued during Write out all your answers completely. For example,
million should be entered as Round your answers to the nearest share or dollar.
Enter your answers for parts bd in millions. For example, an answer of $ should be entered as
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.
$
million
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