Homework Answers
| a) | Statement of shareholder's equity | ||||||
| Shares | Amount | Retained Earnings | Total Shareholder's Equity | ||||
| Balances (12/31/17) | 100,000,000 | $ 240,000,000 | $ 381,760,000 | $ 621,760,000 | |||
| 2018 Net income | $ 1,803,600,000 | ||||||
| Cash dividends | $ 685,360,000 | ||||||
| Addition to RE | $ 1,118,240,000 | ||||||
| Balances (12/31/18) | 100,000,000 | $ 240,000,000 | $ 1,500,000,000 | $ 1,740,000,000 | |||
Explanation:
- Start plugging in the year end values as per the balance sheet.
- Cash dividend and net income figures from income sheet
- The remaining values can be obtained from balancing.
b) 1500 million dollars has been reinvested in the business over the years. It is taken from retained earnings of the balance sheet.
c) A cheque of 1351 million dollars can be written without bouncing. This is arrived by adding depreciation & amortization($ 232.5 million) to the net income( $1803.6million) and subtracting common dividend ($685.38million)
d) 565 million dollars which is the current liabilities.
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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as...
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as...
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 15 Accounts payable Accounts receivable 505 Accruals Inventories 880 Notes payable Total current assets $ 1,400 Total current liabilities Net plant and equipment 2,430 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,830 Total liabilities and equity 130 290 240 660 1,490...
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as...
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FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance...
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FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance...
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130 260 210 Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets...
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step by step with formuls plz The Davidson Corporation's balance sheet and income statement are provided here. Dav...
step by step with formuls plz
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Accounts payable Notes payable Accruals $15 515 Cash and marketable securities $120 220 Accounts receivable Inventories 880 $1,410 2,590 280 $620 1.520 $2,140 Common stock (100 million shares) 260 1.600 $1.860 Total liabilities and equity $4.000 Total current assets Total current liabilities Net plant and equipment Long-term...
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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
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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 15 Accounts payable Accounts receivable 505 Accruals Inventories 880 Notes payable Total current assets $ 1,400 Total current liabilities Net plant and equipment 2,430 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,830 Total liabilities and equity 130 290 240 660 1,490...
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step by step with formuls plz
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Accounts payable Notes payable Accruals $15 515 Cash and marketable securities $120 220 Accounts receivable Inventories 880 $1,410 2,590 280 $620 1.520 $2,140 Common stock (100 million shares) 260 1.600 $1.860 Total liabilities and equity $4.000 Total current assets Total current liabilities Net plant and equipment Long-term...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 14,000 $ 13,000 Accounts receivable 35,000 30,000 Inventories 30,890 26,000 Total current assets $ 79,890 $ 69,000 Net plant and equipment 50,000 46,000 Total assets $129,890 $115,000 Liabilities and Equity Accounts payable $ 10,800 $ 8,000 Accruals 7,800 5,000 Notes payable 6,300 5,250 Total current liabilities $ 24,900 $ 18,250 Long-term bonds 20,000 20,000...
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