1 answer

Liabilities and Equity Cash and $15 Accounts payable S 140 490 Accruals 320 910 Notes payable...

Question:

Liabilities and Equity Cash and $15 Accounts payable S 140 490 Accruals 320 910 Notes payable 220 Total current $1,415 Total current liabilities 680 Net plant and 2.555 Long-term bond:s 1,520 S2,200 270 Total liabilities Common stock (100 million shares) Retained earnings $1,500 S1,770 $3,970 Common equity Total assets $3,970 Total lia bilities and equity Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) S 5,250 2,940 Operating costs excluding depreciation and EBITDA EBIT Interest EBT Taxes (40% Net income Common dividends paid Earnings per share 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 S 2,310 262.5 S 2,047.5 242 s 1,805.S 722.2 S 1,083.3 $427.9035 10.833 Common Stock Shares 12/31/17 2018 Net income Cash dividends Adcition to RE 12/31/18 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 moncy has been reinvested in the firm over the years? Round your answer to the neorest hundredth of million, if necessary. c. At the present time, how large a check could be written without it bouncing? Round your answer to the ncarest hundredth of million, if necessary. million d. How much moncy must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary million

Liabilities and Equity Cash and $15 Accounts payable S 140 490 Accruals 320 910 Notes payable 220 Total current $1,415 Total current liabilities 680 Net plant and 2.555 Long-term bond:s 1,520 S2,200 270 Total liabilities Common stock (100 million shares) Retained earnings $1,500 S1,770 $3,970 Common equity Total assets $3,970 Total lia bilities and equity Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) S 5,250 2,940 Operating costs excluding depreciation and EBITDA EBIT Interest EBT Taxes (40% Net income Common dividends paid Earnings per share 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 S 2,310 262.5 S 2,047.5 242 s 1,805.S 722.2 S 1,083.3 $427.9035 10.833 Common Stock Shares 12/31/17 2018 Net income Cash dividends Adcition to RE 12/31/18 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 moncy has been reinvested in the firm over the years? Round your answer to the neorest hundredth of million, if necessary. c. At the present time, how large a check could be written without it bouncing? Round your answer to the ncarest hundredth of million, if necessary. million d. How much moncy must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary million

Answers

Answer a Common Stock Total Stockholders Retained Earnings 844603500 1083300000 427903500 Shares Amount Balances, 12/31/17 2018 Net income Cash dividends Addition to Retained Earnings Balances, 12/31/18 100000000 270000000 1114603500 655396500 1770000000 100000000 270000000 1500000000 Answer b. Amount re-invested Amount re-invested Ending Retained Earnings $1,500 million Answer c Maximum Amount Check - Cash and Cash Equivalents Maximum Amount Check $15 million Answer d. Amount to be paid to creditors Current Liabilities Amount to be paid to creditors $680 million

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