How much money has been reinvested in the firm over the years? Davidson Corporation: Balance Sheet as
Fantastic news! We've Found the answer you've been seeking!
Question:
How much money has been reinvested in the firm over the years?
Transcribed Image Text:
Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest EBT Taxes (25%) Net income $ 20 Accounts payable 600 Accruals 860 Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,995 Total liabilities and equity Common dividends paid Earnings per share Liabilities and Equity $1,480 2,515 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Shares Common Stock 100,000,000 $ $ $ $ 4,500 3,240 $1,260 $ 120 270 235 625 1,500 $2,125 270 $1,600 $1,870 $ 3,995 140 $ 1,120 240 880 220 660 $ $ $ 4 a. 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. 236 6.60 Amount 270,000,000 $ Retained Earnings $ 660,000,000 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. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. Total Stockholders' Equity $ Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest EBT Taxes (25%) Net income $ 20 Accounts payable 600 Accruals 860 Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,995 Total liabilities and equity Common dividends paid Earnings per share Liabilities and Equity $1,480 2,515 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Shares Common Stock 100,000,000 $ $ $ $ 4,500 3,240 $1,260 $ 120 270 235 625 1,500 $2,125 270 $1,600 $1,870 $ 3,995 140 $ 1,120 240 880 220 660 $ $ $ 4 a. 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. 236 6.60 Amount 270,000,000 $ Retained Earnings $ 660,000,000 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. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. Total Stockholders' Equity $ Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest EBT Taxes (25%) Net income $ 20 Accounts payable 600 Accruals 860 Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,995 Total liabilities and equity Common dividends paid Earnings per share Liabilities and Equity $1,480 2,515 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Shares Common Stock 100,000,000 $ $ $ $ 4,500 3,240 $1,260 $ 120 270 235 625 1,500 $2,125 270 $1,600 $1,870 $ 3,995 140 $ 1,120 240 880 220 660 $ $ $ 4 a. 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. 236 6.60 Amount 270,000,000 $ Retained Earnings $ 660,000,000 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. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. Total Stockholders' Equity $ Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest EBT Taxes (25%) Net income $ 20 Accounts payable 600 Accruals 860 Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,995 Total liabilities and equity Common dividends paid Earnings per share Liabilities and Equity $1,480 2,515 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Shares Common Stock 100,000,000 $ $ $ $ 4,500 3,240 $1,260 $ 120 270 235 625 1,500 $2,125 270 $1,600 $1,870 $ 3,995 140 $ 1,120 240 880 220 660 $ $ $ 4 a. 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. 236 6.60 Amount 270,000,000 $ Retained Earnings $ 660,000,000 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. b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. Total Stockholders' Equity $
Expert Answer:
Answer rating: 100% (QA)
a Statement of Stockholders Equity for December 312021 is given below Common Stock Shares Amount Re... View the full answer
Related Book For
Fundamentals Of Financial Management
ISBN: 9781111795207
11th Edition
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
Posted Date:
Students also viewed these accounting questions
-
The Davidson Corporations balance sheet and income statement are provided here. a. Construct the statement of stockholders equity for December 31, 2018. No common stock was issued during 2018. b. How...
-
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Income Statement for Year Ending December 31, 2012 (Millions of Dollars)...
-
Please answer the following. Show your calculations for potential partial credit. Assume the expected return on the market is 14 percent and the risk-free rate is 4 percent. A.)What is the expected...
-
The following information has been obtained for the Gocker SA. 1. Prior to 2018, taxable income and pretax financial income were identical. 2. Pretax financial income is 1,700,000 in 2018 and...
-
Now that Natalie is a shareholder of the bakery and the smoothies are becoming a significant portion of the business revenues, Natalie and her parents have changed the name of the company to Sant...
-
A project has been selected for implementation. The net cash flow (NCF) profile associated with the project is shown below. MARR is 10 percent/year. a. What is the internal rate of return of this...
-
Financial Statement Impact of Liability Transactions Presented below is a list of possible transactions. 1. Purchased inventory for $80,000 on account (assume perpetual system is used). 2. Issued an...
-
Tina is aware that thousands of children starve to death every day, but only after reading a story about a single starving child did she decide to donate money to a charitable organization. Tina's...
-
Tru Developers, Inc., sells plots of land for industrial development. Tru recognizes income for financial reporting purposes in the year it sells the plots. For some of the plots sold this year, Tru...
-
Discuss why film consumption is lower in KSA than in the USA. Additionally, you will have to address the role of the minilab. Compare the minilab strategy with the other possible relaunch strategies....
-
What needs to be done to support undefined instruction exceptions in your datapath from 4.34.1? Note that the undefined instruction exception should be triggered whenever the processor encounters any...
-
What are the main types and sources of water pollution? Why might the source of the problem matter for policy design?
-
Explain how you would estimate the change in ecosystem service values from a decision to conserve an area of coastal mangrove wetlands, rather than allowing a new harbour development to proceed.
-
Explain how you would undertake a cost-benefit analysis of a planned new nuclear power station. Why might the choice of discount rate be particularly crucial to the net
-
Explain the challenges that countries face when considering how to coordinate over an international environmental agreement such as the Kyoto Protocol.
-
Calculate the MMP required to displace a specified crude oil if reservoir temperature of (155) F, C5+ molecular weight 185.8, the volatile make 4 mole percent of oil, intermediate 9.3%. (Co2= 86%,...
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
The Severn Company plans to raise a net amount of $270 million to finance new equipment and working capital in early 2006. Two alternatives are being considered: Common stock may be sold to net $60...
-
Klose Outfitters Inc. believes that its optimal capital structure consists of 60% common equity and 40% debt, and its tax rate is 40%. Klose must raise additional capital to fund its upcoming...
-
Should stockholder wealth maximization be thought of as a long-term or a short-term goal? For example, if one action increases a firm`s stock price from a current level of $20 to $25 in 6 months and...
-
Sumitomo Cable manufactures various types of aluminum and copper cables which it sells directly to retail outlets through its distribution channels. The manufacturing process for producing cables...
-
The Cooper Furniture Company of Potomac, Maryland, assembles two types of chairs (Recliners and Rockers). Separate assembly lines are used for each type of chair. Classify each cost item (AI) as...
-
The following data are for Marvin Department Store. The account balances (in thousands) are for 2017. 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2. Prepare the income...
Study smarter with the SolutionInn App