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Check 2 Problem 3-6 Financial Statements (LO1,4) 9.09 points South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END
Check 2 Problem 3-6 Financial Statements (LO1,4) 9.09 points South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 106 $ 220 Current liabilities 960 1,060 Long-term debt Assets Current assets Net fixed assets eBook 2018 2019 $ 82 $ 108 680 910 Print References INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 2,030 Cost of goods sold 1,110 Depreciation 430 Interest expense 256 a&b. What is shareholders' equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $960 million to $1,060 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019? Complete this question by entering your answers in the tabs below. fixed assets during 2019? Complete this question by entering your answers in the tabs below. Req A and B Req C and D Req E ReqF Req G What is cash provided by operations during 2019? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Cash provided by operations million ReqE Req G HEL
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