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e. enter answer in millions rounded to 2 decimal places South Sea Baubles has the following (incomplete) balance sheet and income statement. a&b. What is
e. enter answer in millions rounded to 2 decimal places
South Sea Baubles has the following (incomplete) balance sheet and income statement. a\&b. What is shareholders' equity in 2021 and 2022 ? c\&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the fitm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022 ? 9. Net fixed assets increased from $940 million to $1,040 million during 2022 . What must have been South Sea's gross investment in fixed assets during 2022? h. If South Sea reduced its outstanding accounts payable by $49 million during the year, what must have happened to its other current liabilities? Problem 3-6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a\&b. What is shareholder' equity in 2021 and 2022? c\& d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022 ? 9. Net fixed assets increased from $940 million to $1,040 million during 2022 . What must have been South Sea's gross investment in fixed assets during 2022 ? h. If South Sea reduced its outstanding accounts payable by $49 million during the year, what must have happened to its other current liabilities Step by Step Solution
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