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Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2018
Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2018 2019 Liabilities and Shareholders' Equity Current assets $ 515 Current liabilities Net fixed assets 1,390 1,515 Long-term debt 329 $ 2018 2019 $ 305 $ 259 925 1,110 a&b. What was shareholders' equity at the end of 2018 and 2019? c. If Newble paid dividends of $195 million in 2019 and made no stock issues, what must have been net income during the year? d. If Newble purchased $395 million in fixed assets during 2019, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2018 and 2019? f. If Newble issued $238 million of new long-term debt, how much debt must have been paid during the year? (Enter your answer in millions.) Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D ReqE ReqF What was shareholders' equity at the end of 2018 and 2019? (Enter your answers in millions.) 2018 2019 Shareholders' equity million million
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