For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.RetainedEarningsBalances, 12/31/202021 Net incomeCash dividendsAddition to RE2040Shares20100580millionCommon Stock100$Amount250$2501400Balances, 12/31/21$Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary.975-335LA2040Total Stockholders'Equity$millionc. 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.1650640$milliond. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary.2290 Davidson Corporation: Balance Sheet as of December 31, 2021(millions of dollars)AssetsCash and equivalentsAccounts receivableInventoriesTotal current assetsNet plant and equipmentTotal assetsEBITInterestLiabilities and EquityAccounts payableAccrualsNotes payableTotal current liabilitiesLong-term bondsTotal liabilitiesCommon stock (100 million shares)Retained earningsCommon equity$ 3,730 Total liabilities and equityEBTTaxes (25%)Net income20585840Davidson Corporation: Income Statement for Year EndingDecember 31, 2021 (millions of dollars)SalesOperating costs excluding depreciation and amortizationEBITDADepreciation and amortizationCommon dividends paidEarnings per share$ 1,4452,2851302202305801,500$ 2,080250$ 1,400$1,650$ 3,730$$ 9,5007,570$ 1,930480$ 1,450150$$ 1,3003259753359.75

As per GAAP, a set of financial statements include following : 1. Income Statement 2. Balance Sheet…

For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar. Common Stock Retained Earnings Balances, 12/31/20 2021 Net income Cash dividends Addition to RE $ $ 20 Shares 100 million 580 $ 100 Amount 250 * $ * Balances, 12/31/21 $ 250 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. 1400 975 -335 $ 2040 Total Stockholders' $ Equity 2040 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. 1650 640 2290 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

For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar. Common Stock Retained Earnings Balances, 12/31/20 2021 Net income Cash dividends Addition to RE $ $ 20 Shares 100 million 580 $ 100 Amount 250 * $ * Balances, 12/31/21 $ 250 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. 1400 975 -335 $ 2040 Total Stockholders' $ Equity 2040 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. 1650 640 2290 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the following information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.) (in millions of dollars) Balance of retained earnings, December 31, 2020$496 Plus: Net income for 2021 50 Less: Cash dividends paid Preferred stock$2 Common stock Total cash dividends paid Balance of retained earnings, December 31, 2021 $526
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For part 2 of this question, how would I be able to solve for the amount ending balance in retained earnings? I believe I would need this number in calculating total shareholder's equity. If you could share the way you found the number, that would be great as well! Thank you!
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Hi, for number 1, where did you get 300,000 for shares outstanding?