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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 $10 Accounts payable $100
Accounts receivable 605 Notes payable 220
Inventories 910 Accruals 270
Total current assets $1,525 Total current liabilities $590
Net plant and equipment 2,325 Long-term bonds 1,510
Total debt $2,100
Common stock (100 million shares) 250
Retained earnings 1,500
Common equity $1,750
Total assets $3,850 Total liabilities and equity $3,850

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

Sales $7,250
Operating costs excluding depreciation and amortization 4,857.5
EBITDA $2,392.5
Depreciation and amortization 145
EBIT $2,247.5
Interest 126
EBT $2,121.5
Taxes (40%) 848.6
Net income $1,272.9
Common dividends paid $808.2915
Earnings per share $12.729

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

(___ need answers)

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