Cnapter $3$ Homework

$\backslash$table$[[$Assets$,,,$Liabilities and Equity$],[$Cash and equivalents,$$,10,$Accounts payable,$$,120],[$Accounts receivable,$585,$Accruals,$310],[$Inventories$,,910,$Notes payable,,$225],[$Total current assets,$$,1,505,$Total current liabilities,,$655],[$Net plant and equipment,$2,320,$Long$-$term bonds,,$1,500],[$Total liabilities,$$,2,155],[$Common stock $(100$ million shares$),,270],[$Retained earnings,$$,1,400],[$Common equity,$$,1,670],[$Total assets,$$,3,825,$Total liabilities and equity,$$,3,825]]$

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

$\backslash$table$[[$$$,8,000],[,5,750],[$$$,2,250],[,460],[$$$,1,790],[,130],[$$$,1,660]]$

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.

Cnapter $3$ Homework

$\backslash$table$[[$Assets$,,,$Liabilities and Equity$],[$Cash and equivalents,$$,10,$Accounts payable,$$,120],[$Accounts receivable,$585,$Accruals,$310],[$Inventories$,,910,$Notes payable,,$225],[$Total current assets,$$,1,505,$Total current liabilities,$$,655],[$Net plant and equipment,$2,320,$Long$-$term bonds,,$1,500],[$Total liabilities,$$,2,155],[$Common stock $(100$ million shares$),,270],[$Retained earnings ${?}^t,$$$,1,400],[$Common equity,$$,1,670],[$Total assets,$$,3,825,$Total liabilities and equity,$$,3,825]]$

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

$\backslash$table$[[$$$,8,000],[,5,750],[$$$,2,250]]$

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

The Davidson Corporation's balance sheet and income statement are provided here.

Davidson Corporation: Balance Sheet as of December $31,2021$

$($millions of dollars$)$

$\backslash$table$[[$Assets$,,,$ities and Equity$],[$Cash and equivalents,$$,10,$Accounts payable,$$,120],[$Accounts receivable,,$585,$Accruals,$310],[$Inventories$,,910,$Notes payable,,$225],[$Total current assets,$$,1,505,$Total current liabilities,,$655],[$Net plant and equipment,$2,320,$Long$-$term bonds,,$1,500],[$Total liabilities,$$,2,155],[$Common stock $(100$ million shares$),,270],[$Retained earnings,$$,1,400],[$Common equity,$$,1,670],[$Total assets,,$3,825,$Total liabilities and equity,$$,3,825]]$

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

$\backslash$table$[[$$$,8,000],[,5,750],[$$$,2,250],[,460],[$$$,1,790],[,130],[$$$,1,660],[,415],[$$$,1,245],[$$$,127]]$

Cnapter $3$ Homework

$\backslash$table$[[$Assets$,,,$Liabilities and Equity$],[$Cash and equivalents,$$,10,$Accounts payable,$$,120],[$Accounts receivable,$585,$Accruals,$310],[$Inventories$,,910,$Notes payable,,$225],[$Total current assets,$$,1,505,$Total current liabilities,$$,655],[$Net plant and equipment,$2,320,$Long$-$term bonds,,$1,500],[$Total liabilities,$$,2,155],[$Common stock $(100$ million shares$),,270],[$Retained earnings ${?}^t,$$$,1,400],[$Common equity,$$,1,670],[$Total assets,$$,3,825,$Total liabilities and equity,$$,3,825]]$

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

$\backslash$table$[[$$$,8,000],[,5,750],[$$$,2,250]]$

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.answers to the nearest share or dollar.