The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Liabilities and Equity Cash and equivalents $ 20 Accounts payable $ 150 Accounts receivable 610 Accruals 320 Inventories 830 Notes payable 215 Total current assets $ 1,460 Total current liabilities $ 685 Net plant and equipment 2,465 Long-term bonds 1,490 Total liabilities $ 2,175 Common stock (100 million shares) 250 Retained earnings $ 1,500 Common equity $ 1,750 Total assets $ 3,925 Total liabilities and equity $ 3,925 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales $ 7,250 Operating costs excluding depreciation and amortization 5,430 EBITDA $ 1,820 Depreciation and amortization 410 EBIT $ 1,410 Interest 130 EBT $ 1,280 Taxes (25%) 320 Net income $ 960 Common dividends paid $ 435 Earnings per share $ 9.60 Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. 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, 12/31/20 $ $ $ 2021 Net income Cash dividends Addition to RE Balances, 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. $ 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

The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Liabilities and Equity Cash and equivalents $ 20 Accounts payable $ 150 Accounts receivable 610 Accruals 320 Inventories 830 Notes payable 215 Total current assets $ 1,460 Total current liabilities $ 685 Net plant and equipment 2,465 Long-term bonds 1,490 Total liabilities $ 2,175 Common stock (100 million shares) 250 Retained earnings $ 1,500 Common equity $ 1,750 Total assets $ 3,925 Total liabilities and equity $ 3,925 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales $ 7,250 Operating costs excluding depreciation and amortization 5,430 EBITDA $ 1,820 Depreciation and amortization 410 EBIT $ 1,410 Interest 130 EBT $ 1,280 Taxes (25%) 320 Net income $ 960 Common dividends paid $ 435 Earnings per share $ 9.60 Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. 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, 12/31/20 $ $ $ 2021 Net income Cash dividends Addition to RE Balances, 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. $ 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

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The Davidson Corporation's balance sheet and income statement are provided here.

Davidson Corporation: Balance Sheet as of December 31, 2021
(millions of dollars)
Assets			Liabilities and Equity
Cash and equivalents	$	20		Accounts payable	$	150
Accounts receivable		610		Accruals		320
Inventories		830		Notes payable		215
Total current assets	$	1,460		Total current liabilities	$	685
Net plant and equipment		2,465		Long-term bonds		1,490
				Total liabilities	$	2,175
				Common stock (100 million shares)		250
				Retained earnings	$	1,500
				Common equity	$	1,750
Total assets	$	3,925		Total liabilities and equity	$	3,925

Davidson Corporation: Income Statement for Year Ending
December 31, 2021 (millions of dollars)
Sales	$	7,250
Operating costs excluding depreciation and amortization		5,430
EBITDA	$	1,820
Depreciation and amortization		410
EBIT	$	1,410
Interest		130
EBT	$	1,280
Taxes (25%)		320
Net income	$	960
Common dividends paid	$	435
Earnings per share	$	9.60

Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. 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, 12/31/20		$	$	$
2021 Net income
Cash dividends
Addition to RE
Balances, 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.

$ 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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