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6. Financial Statements. South Sea Baubles has the following (incomplete) balance sheet and income statement. (LO3-1, LO3-4) BALANCE SHEET AT END OF YEAR (Figures in

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6. Financial Statements. South Sea Baubles has the following (incomplete) balance sheet and income statement. (LO3-1, LO3-4) BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2015 Assets Current assets Net fixed assets $ 90 800 2016 $140 900 Liabilities and Shareholders' Equity Current liabilities Long-term debt $ 50 600 2016 $ 60 750 + INCOME STATEMENT, 2016 (Figures in $ millions) Revenue $1,950 Cost of goods sold 1,030 Depreciation 350 Interest expense 240 a. What is shareholders' equity in 2015 b. What is shareholders' equity in 2016? c. What is net working capital in 2015? d. What is net working capital in 2016

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