he Davidson Corporation\'s balance sheet and income statement are provided here
ID: 2488607 • Letter: H
Question
he Davidson Corporation's balance sheet and income statement are provided here avidson Corporation: Balance Sheet as of December 31, 2016 (Millions of Dollars) Assets Cash and equivalents Accounts receivable nventories Total current assets Net plant and equipment Liabilities and Equity $110 270 215 $595 1,480 $2,075 260 1,600 $1,860 $3,935 $20 Accounts payable 475 Accruals 870 Notes payable $1,365 Total current liabilities 2,570 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity otal assets avidson Corporation: Income Statement for Year Ending December 31, 2016 (Millions of D Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $3,935Tota liabilities and equity $8,750 5,600 $3,150 262.5 $2,887.5 166 $2,721.5 BIT Interest EBTExplanation / Answer
Dear student please dont post multiple questions under one question. I have answere the first one.
Ans a Common Stock Retained earnings Total stockholder Equit Shares Amount Balances,12/31.2015 100000000 260000000 514121500 774121500 2016 Net Income 1632900000 Cash Dividend 547021500 Addition to retained eanings 1085878500 Balances,12/31.2016 100000000 260000000 1600000000 1860000000 Retained earning= X+1632900000-547021500=1600000000 x 514121500 Ans b $260 million Ans c $20 million can be written without bouncing Ans d $595 million has to be paid to current creditorsRelated Questions
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