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Category > Management Posted 30 Jan 2018 My Price 9.00

Davidson Corporation

FINANCIAL STATEMENTS The Davidson Corporation’s balance sheet and income statement are provided here.

 

Davidson Corporation: Balance Sheet as of December 31, 2008

(Millions of Dollars)

Assets

  

Liabilities and Equity

Cash and equivalents

$ 15

Accounts payable

$ 120

Accounts receivable

515

Notes payable

220

Inventories

880

Accruals

280

Total current assets

$1,410

Total current liabilities

$ 620

Net plant and equipment

2,590

Long-term bonds

1,520
   

Total debt

$ 2,140
   

Common stock (100 million shares)

260
   

Retained earnings

1,600
   

Common equity

$ 1,860

Total assets

$4,000

Total liabilities and equity

$ 4,000

 

Davidson Corporation: Income Statement for Year Ending December 31, 2008 (Millions of Dollars)

 

Sales

$6,250

Operating costs excluding depreciation and amortization

5,230

EBITDA

$1,020

Depreciation & amortization

220

EBIT

$800

Interest

180

EBT

$620

Taxes (40%)

248

Net income

$372

Common dividends paid

$146

Earnings per share

$3.72

a. Construct the statement of stockholders’ equity for December 31, 2008.

b. How much money has been reinvested in the firm over the years?

c. At the present time, how large a check could be written without it bouncing?

d. How much money must be paid to current creditors within the next year?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jan 2018 10:01 PM My Price 9.00

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