Question: Ch 03: End-of-Chapter Problems - Financial Statements, Cash Flow, and Taxes The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation Balance

 Ch 03: End-of-Chapter Problems - Financial Statements, Cash Flow, and Taxes

Ch 03: End-of-Chapter Problems - Financial Statements, Cash Flow, and Taxes 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 Liabilities and Equity Cash and equivalents 10 Accounts payable Accounts receivable 580 Accruals Inventories 180 Notes payable Total current Total current abilities Net plant and equipment Long-term bonds Total abilities Common stock (100 milion shares) Retained earnings Common equity Total abilities and equity Davidson Corporation Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Interest 2,564 1.025.6 1.538.4 Taxes (409) Net income Common dividends paid Earnings per share 1.154.568 15.384 . Construct the statement of stockholders' equity for December 31, 2016. No common stock was issued during 2018 Write out all your answer completely. For example, 25 million should be entered as 25.000.000. Round your answers to the nearest shared Common Stock tained Farming Balances, 12/31/17 2018 Net Income Cash dividends Addition to RE Balance 12/31/15 Enter your ans for parte di consFor example, an answer of 525.000.000 should be entered 25 c. At the present time, how large a check could be written without it bouncing Round your answer to the rest of How much money must be paid to current creditors within the next year Round your answer to the rest

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