23 Jul vHOW MUCH MONEY HAS BEEN REINVESTED IN THE FIRM OVER THE YEARS?
Davidson Corporatio Show more The Davidson Corporations balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31 2012 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $20 Accounts payable $100 Accounts receivable 580 Notes payable 215 Inventories 900 Accruals 210 Total current assets $1500 Total current liabilities $525 Net plant and equipment 2305 Long-term bonds 1500 Total debt $2025 Common stock (100 million shares) 280 Retained earnings 1500 Common equity $1780 Total assets $3805 Total liabilities and equity $3805 Davidson Corporation: Income Statement for Year Ending December 31 2012 (Millions of Dollars) Sales $9000 Operating costs excluding depreciation and amortization 6930 EBITDA $2070 Depreciation and amortization 540 EBIT $1530 Interest 243 EBT $1287 Taxes (40%) 514.8 Net income $772.2 Common dividends paid $166.023 Earnings per share $7.722 Enter your answers for parts b-d in millions. For example an answer of $25000000 should be entered as 25. Construct the statement of stockholders equity for December 31 2012. No common stock was issued during 2012. Write out all your answers completely. For example 25 million should be entered as 25000000. Round your answers to the nearest share or dollar. Common Stock Common Stock Retained Total Stockholders Shares Amount Earnings Equity Balances 12/31/11 $ $ $ 2012 Net income $ Cash dividends $ Addition to RE $ Balances 12/31/12 $ $ $ 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 Show less
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