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f. What is cash provided by operations during 2019?-Only ask for this question? South Sea Baubles has the following (incomplete) balance sheet and income statement.
f. What is cash provided by operations during 2019?-Only ask for this question?
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2018 $ 90 800 BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2019 Liabilities and Shareholders' Equity $ 140 Current liabilities 900 Long-term debt 2018 2019 $ 50 $ 60 600 750 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 1,950 Cost of goods sold 1,030 Depreciation 350 Interest expense 240 Required: 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 $800 million to $900 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019Step by Step Solution
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