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Here are the 2015 and 2016 (incomplete) balance sheets for Newble Oil Corp BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and
Here are the 2015 and 2016 (incomplete) balance sheets for Newble Oil Corp BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Assets Curent assets Net fixed assets 2015 2016 2015 2016 $ 220 S 242 840 940 $ 312 430 Cument liabilities 1,220 1,430 Long-term debt a&b. What was owners' equity at the end of 2015 and 2016? (Enter your answers in millions.) 2016 2015 Owners' equity million million c. If Newble paid dividends of $110 million in 2016 and made no stock issues, what must have been net income during the year? (Enter your answer in millions.) Net income million d. If Newble purchased $310 million in fixed assets during 2016, what must have been the depreciation charge on the income statement? (Enter your answer in millions.) Depreciation charge million e. What was the change in net working capital between 2015 and 2016? (Enter your answer in millions.) Change in net working capital million f. If Newble issued $204 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.) Outstanding debt million
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