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ASAP Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. Assets Current assets Net fixed assets BALANCE SHEET AT END OF
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Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 328 $ 510 Current liabilities 1,380 1,510 Long-term debt 2018 2019 $ 300 $ 258 92 1,100 a&b. What was shareholders' equity at the end of 2018 and 2019? c. If Newble paid dividends of $190 million in 2019 and made no stock issues, what must have been net income during the year? d. If Newble purchased $390 million in fixed assets during 2019, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2018 and 2019? f. If Newble issued $236 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.) Complete this question by entering your answers in the tabs below. Reg A and B ReqC Reg D ReqE ReqF What was the change in net working capital between 2018 and 2019? (Enter your answer in millions.) Change in not working capital million Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 3285 510 Current liabilities 1,380 1,510 Long-term debt 2018 2019 $ 300 S 258 920 1,100 a&b. What was shareholders equity at the end of 2018 and 2019? c. If Newble paid dividends of $190 million in 2019 and made no stock issues, what must have been net income during the year? d. If Newble purchased $390 million in fixed assets during 2019, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2018 and 2019? f. If Newble issued $236 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.) Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Rege ReqF If Newble issued $236 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.) Dobt paid during the year million Step by Step Solution
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