Home / Expert Answers / Finance / davidson-corporation-balance-sheet-as-of-december-31-2021-millions-of-dollars-table-assets-li-pa158

(Solved): Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) \table[[Assets,,Li ...



Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) \table[[Assets,,Liabilities and Equity],[Cash and equivalents,$ 15,Accounts payable,,110],[Accounts receivable,545,Accruals,,240],[Inventories,830,Notes payable,,235],[Total current assets,$ 1,390,Total current liabilities,,585],[Net plant and equipment,2,355,Long-term bonds,,1,500],[,,Total liabilities,,2,085],[,,Common stock (100 million shares),,260],[,,Retained earnings,,1,400],[,,Common equity,,1,660],[Total assets,$ 3,745,Total liabilities and equity,,3,745]] Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Common dividends paid Earnings per share \table[[

$

,9,000],[6,960,],[

$

,2,040],[,200],[

$

,1,840],[,160],[

$

,1,680],[,420],[

$

,1,260],[

$

,432],[,12.60]] the nearest share or dollar. 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 money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary.

$

?

million c. 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 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.

student submitted image, transcription available below


We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe