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BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 102 $ 200

BALANCE SHEET AT END OF YEAR

(Figures in $ millions)

Assets

2021

2022

Liabilities and Shareholders' Equity

2021

2022

Current assets

$ 102

$ 200

Current liabilities

$ 74

$ 96

Net fixed assets

920

1,020

Long-term debt

660

870

INCOME STATEMENT, 2022

(Figures in $ millions)

Revenue

$ 2,010

Cost of goods sold

1,090

Depreciation

410

Interest expense

252

h. If South Sea reduced its outstanding accounts payable by $47 million during the year, what must have happened to its other current liabilities?

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