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letter F only cash South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT
letter F only cash South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in simillions) 2018 2019 Liabilities and Shareholders Equity $ 9e $ 140 Current liabilities 800 9ee Long-term debt 2018 2019 $ $ $ 60 600 750 INCOME STATEMENT, 2019 (Figures in 5 millions) Revenue $1,950 Cost of goods sold 1,30 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. 1. 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 Invest fixed assets during 2019
letter F only cash
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