Homework Help is Here – Start Your Trial Now!
Business
Finance
a. Construct the statement of stockholders' equity for December 31, 2018. No common stock was issued during 2018. 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 Farnings Amount Fquity Dalances, 12/31/17 2018 Net income Cash dividonds Arldlit ion to RP Balances, 12/31/18 Enler your atnswers for parls b-d in millions. For exarmple, an answer of $25,000,000 stiould 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 milion, if necessary. 1million C. AL Lhe present lime, how larye a ctieck culd be wrillen wilthoul il bounciny? Round your aiswer lo tlhe nearest hundredihi 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

a. Construct the statement of stockholders' equity for December 31, 2018. No common stock was issued during 2018. 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 Farnings Amount Fquity Dalances, 12/31/17 2018 Net income Cash dividonds Arldlit ion to RP Balances, 12/31/18 Enler your atnswers for parls b-d in millions. For exarmple, an answer of $25,000,000 stiould 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 milion, if necessary. 1million C. AL Lhe present lime, how larye a ctieck culd be wrillen wilthoul il bounciny? Round your aiswer lo tlhe nearest hundredihi 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

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 103.1C: Leverage Cook Corporation issued financial statements at December 31, 2019, that include the...
See similar textbooks
icon
Related questions
Question

Please show working and see attachments for the question.

The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Iiabilities and Equity Cash and equivalents $ 20 Accounts payable 120 Accounts receivable 190 Лсcruals 300 Inventories 910 Notes payable 230 Total current assets $ 1,420 Total current liabilities $4 650 Net plant and equipment 2,530 Long-term bonds 1,520 lotal liabılıties $ 2,1/0 Common stock (100 million shares) 280 $ 1,500 $ 1,780 Retained carningo Common equity Total assets $ 3,950 Total liabilities and equity $ 3,950 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Gales 0,250 Operating costs excluding depreciation and amortization 4,290 EBITDA 3,960 Depreciation and amortization 247.5 ЕBIT 3,712.5 Intcrcst 21/ EBT 2$ 3,495.5 Taxes (40%) 1,398.2 Net income $ 2,097.3 Common dividends paid $ 1,017.190 Earnings per share 20.973
Transcribed Image Text:The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Iiabilities and Equity Cash and equivalents $ 20 Accounts payable 120 Accounts receivable 190 Лсcruals 300 Inventories 910 Notes payable 230 Total current assets $ 1,420 Total current liabilities $4 650 Net plant and equipment 2,530 Long-term bonds 1,520 lotal liabılıties $ 2,1/0 Common stock (100 million shares) 280 $ 1,500 $ 1,780 Retained carningo Common equity Total assets $ 3,950 Total liabilities and equity $ 3,950 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Gales 0,250 Operating costs excluding depreciation and amortization 4,290 EBITDA 3,960 Depreciation and amortization 247.5 ЕBIT 3,712.5 Intcrcst 21/ EBT 2$ 3,495.5 Taxes (40%) 1,398.2 Net income $ 2,097.3 Common dividends paid $ 1,017.190 Earnings per share 20.973
Depreciation and amortization 247.5 ЕBIT 2$ 3,712.5 Interest 217 EBT כ .כ3,49 Taxes (40%) 1,398.2 Nct income $ 2,097.3 Common dlividends paid 1,017.1905 Larnıngs per share 20.9/3 a. Construct the statement of stockholders' equity for December 31, 2018. No common stock was issued during 2018. 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 Farnings Fquity Balances, 12/31/17 $ $ $ 2018 Nct incomc Cash dividends Addition o RF Balances, 12/31/18 Enler your answers for parls b-d in millions. For example, an answer of $25,000,000 should be enlered as 25. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. million C. Al the present lime, how larye a check could be wrillen wilhoul il bounciny? Round your answer lo the nearest hundredth of million, if necessar y. million d. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. million
Transcribed Image Text:Depreciation and amortization 247.5 ЕBIT 2$ 3,712.5 Interest 217 EBT כ .כ3,49 Taxes (40%) 1,398.2 Nct income $ 2,097.3 Common dlividends paid 1,017.1905 Larnıngs per share 20.9/3 a. Construct the statement of stockholders' equity for December 31, 2018. No common stock was issued during 2018. 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 Farnings Fquity Balances, 12/31/17 $ $ $ 2018 Nct incomc Cash dividends Addition o RF Balances, 12/31/18 Enler your answers for parls b-d in millions. For example, an answer of $25,000,000 should be enlered 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. Al the present lime, how larye a check could be wrillen wilhoul il bounciny? Round your answer lo the nearest hundredth of million, if necessar y. 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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Procedural Coding: CPT and HCPCS
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage
Financial Reporting, Financial Statement Analysis…
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS