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Birmingham Steels has the following (incomplete) balance sheet and income statement. Assets Current assets Fixed assets Balance Sheet 2022 2021 $200 $100 $700 $600
Birmingham Steels has the following (incomplete) balance sheet and income statement. Assets Current assets Fixed assets Balance Sheet 2022 2021 $200 $100 $700 $600 Liabilities and Shareholders' Equity Current liabilities Long-term debt $90 $550 Income Statement, 2022 Revenue Cost of revenue Depreciation Interest expense All figures in million dollars $60 $450 $2,350 $1,130 $420 $210 a) Determine the shareholders' equity in 2021 and 2022. b) Determine the net working capital in 2021 and 2022. c) Assuming that Birmingham Steels has a 35% tax rate, determine the income taxes paid in year 2022. d) What is cash generated form operation in year 2022?
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