Financial statements the davidson corporations balance


Financial Statements 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 $15 Accounts payable $150 Accounts receivable 620 Notes payable 230 Inventories 810 Accruals 300 Total current assets $1,445 Total current liabilities $680 Net plant and equipment 2,495 Long-term bonds 1,520 Total debt $2,200 Common stock (100 million shares) 240 Retained earnings 1,500 Common equity $1,740 Total assets $3,940 Total liabilities and equity $3,940 Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars) Sales $4,000 Operating costs excluding depreciation and amortization 2,160 EBITDA $1,840 Depreciation and amortization 80 EBIT $1,760 Interest 154 EBT $1,606 Taxes (40%) 642.4 Net income $963.6 Common dividends paid $395.076 Earnings per share $9.636 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 $ $ $ Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25. 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

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Financial Management: Financial statements the davidson corporations balance
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