South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets...
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South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 92 $ 150 Current liabilities 820 920 Long-term debt 2018 2019 $ 54 $ 66 610 770 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 1,960 Cost of goods sold 1,040 Depreciation 360 Interest expense 242 a&b. What is shareholders' equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $820 million to $920 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019? Complete this question by entering your answers in the tabs below. Req A and B Req C and D Req E ReqF Req G What is shareholders' equity in 2018 and 2019? (Enter your answers in millions.) 2019 2018 million Shareholders' equity million
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