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South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figur
Posted: Mon May 30, 2022 6:27 am
by answerhappygod
- South Sea Baubles Has The Following Incomplete Balance Sheet And Income Statement Balance Sheet At End Of Year Figur 1 (34.11 KiB) Viewed 22 times
South Sea Baubles has the following (incomplete) balance sheet and income
statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2018 2019 Liabilities and Shareholders' Equity Current assets Net fixed assets $ 108 $ 230 Current liabilities 1,080 Long-term debt 2018 2019 86 $ 114 930 980 690 INCOME
STATEMENT, 2019 (Figures in $ millions) Revenue $ 2,040 1,120 Cost of goods sold Depreciation 440 Interest expense 258 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 $980 million to $1,080 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 Req F Req G What is shareholders' equity in 2018 and 2019? (Enter your answers in millions.) 2018 2019 Shareholders' equity million million Req C and D > < Req A and B