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only need parts F, G and H, incorrect answers shown Problem 3-6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and
only need parts F, G and H, incorrect answers shown
Problem 3-6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a\&b. What is shareholders' equity in 2021 and 2022 ? c\&d. What is net working capital in 2021 and 2022 ? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g. Net fixed assets increased from $860 million to $960 million during 2022 . What must have been South Sea's gross investment in fixed assets during 2022? h. If South Sea reduced its outstanding accounts payable by $41 million duting the year, what must have happened to its other current) riabilities? What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Net fixed assets increased from $860 million to $960 million during 2022 . What must have been South Sea's gross investmen in fixed assets during 2022? Note: Enter your answer in millions. (8) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If South Sea reduced its outstanding accounts payable by $41 millon during the year, what must have happened to its other current liabilities? Note: Enter your answers in millions Step by Step Solution
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