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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 |
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(Figures in $ millions) |
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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 |
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(Figures in $ millions) |
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Revenue | $ 2,010 |
Cost of goods sold | 1,090 |
Depreciation | 410 |
Interest expense | 252 |
g. Net fixed assets increased from $920 million to $1,020 million during 2022. What must have been South Seas gross investment in fixed assets during 2022?
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