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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2019 (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, 2019
(Millions of Dollars)
Assets Liabilities and Equity
Cash and equivalents $ 15 Accounts payable $ 150
Accounts receivable 500 Accruals 270
Inventories 910 Notes payable 230
Total current assets $ 1,425 Total current liabilities $ 650
Net plant and equipment 2,565 Long-term bonds 1,500
Total liabilities $ 2,150
Common stock (100 million shares) 240
Retained earnings $ 1,600
Common equity $ 1,840
Total assets $ 3,990 Total liabilities and equity $ 3,990

Davidson Corporation: Income Statement for Year Ending
December 31, 2019 (Millions of Dollars)
Sales $ 7,250
Operating costs excluding depreciation and amortization 5,950
EBITDA $ 1,300
Depreciation and amortization 160
EBIT $ 1,140
Interest 140
EBT $ 1,000
Taxes (25%) 250
Net income $ 750
Common dividends paid $ 273
Earnings per share $ 7.50

  1. Construct the statement of stockholders' equity for December 31, 2019. No common stock was issued during 2019. 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.

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The Davidson Corporation s balance sheet and income statement are provided here Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Liabilities and Equity Assets Cash and equivalents $ 15 Accounts payable $ 150 Accounts receivable 500 Accruals 270 Notes payable Inventories 910 230 Total current assets $1,425 Total current liabilities $ 650 Net plant and equipment 2,565 Long-term bonds 1,500 Total liabilities 2,150 Common stock (100 million shares) 240 Retained earnings 1,600 Common equity 1,840 Total assets 3,990 Total liabilities and equity $3,990 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales 7,250 Operating costs excluding depreciation and amortization 5,950 EBITDA $ 1,300 Depreciation and amortization 160 $ EBIT 1,140 Interest 140 $ EBT 1,000 Taxes (25%) 250 $ 750 Net income a. Construct the statement of stockholders' equity for December 31, 2019. No common stock was issued during 2019. 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. Retained Total Stockholders' Common Stock Shares Amount Earnings Equity Balances, 12/31/18 $ $ 2019 Net income Cash dividends Addition to RE Balances, 12/31/19 $ Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25. 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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