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ASAP Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. BALANCE SHEET AT END OF YEAR (Figures in 5 millions) Assets
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Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. BALANCE SHEET AT END OF YEAR (Figures in 5 millions) Assets 2018 2019 Liabilities and Shareholders' Equity Current assets $ 328 5510 Current Liabilities Net fixed assets 1,380 1,510 Long-term debt 2018 2019 $ 300 $ 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 Reg Reg D ReqE ReqF If Newble purchased $390 million in fixed assets during 2019, what must have been the depreciation charge on the income statement? (Enter your answer in millions.) Depreciation charge million Step by Step Solution
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