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Please answer F South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions)
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South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Current assets Net fixed assets 2015 2016 Liabilities and Shareholders Equity $ 90 140 Current liabilities 2015 2016 $ 50 $60 750 800 900 Long-term debt 600 INCOME STATEMENT, 2016 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 1,950 1,030 350 240 a&b. What is shareholders' equity in 2015 and 2016? (Enter your answers in millions.) 2015 2016 Shareholders' equity $ 240million, 230|millionStep by Step Solution
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