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South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2015 108 980 BALANCE SHEET AT
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2015 108 980 BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2016 Liabilities and Shareholders' 230 Current I i abilities I, 080 Longterm debt Equ i ty 2015 $ 86 690 2016 $114 930 INCOME STATEMENT, 2016 (Figures inS millions) Revenue Cost of goods sold Depre ciation Interest expense $2,040 1,120 440 258
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