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Please help me with these blanks thx a lot South Sea Baubles has the following incomplete balance sheet and income statement. South Sea Baubles Balance
Please help me with these blanks thx a lot
South Sea Baubles has the following incomplete balance sheet and income statement. South Sea Baubles Balance Sheet, as of End of Year ($ millions) Assets Current assets Net fixed assets Liabilities and Shareholders' Equity Current liabilities Long-term debt 2018 $128 919 2017 $109 829 $ 90 718 $ 70 619 Income Statement, 2018 ($ millions) Revenue $ 1, 980 Cost of goods sold (1,011) Depreciation 369 Interest expense 228 Now assume that interest is an financing flow. Cash flow from operations (adjusted) million e. What must have been South Sea's gross investment in fixed assets (capital expenditure) during 2018? (Enter your answer as positive value.) Gross investment million f. If South Sea reduced its outstanding accounts payable by $35 million during 2018, what must have happened to its other current liabilities? (Enter your answers as positive values.) Current liabilities have by million. Therefore, current liabilities other million. than accounts payable must have by g. What are the 2018 cash flow from assets, and cash flow to bondholders and shareholders? (Round your answers to 2 decimal places. Use minus sign to enter cash outflows, if any.) Cash flow from assets million million Cash flow to bondholders Cash flow to Shareholders Cash flow to bondholders and shareholders million million Now assume that interest is a financing flow. million million Cash flow from assets (adjusted) Cash flow to bondholders (adjusted) Cash flow to Shareholders (adjusted) Cash flow to bondholders and shareholders (adjusted) million million a. What is shareholders' equity in 2017 and 2018? Shareholders' equity in 2017 Shareholders' equity in 2018 $ $ 249 million 239 million b. What is net working capital in 2017 and 2018? $ 39 million Net working capital in 2017 Net working capital in 2018 $ 38 million c. What is taxable income and taxes paid in 2018? Assume the firm pays taxes equal to 35% of taxable income. (Round your answers to 2 decimal places.) Taxable income $ 372.00 million Taxes paid $ 130.20 million d. What is cash flow provided by operations during 2018? Pay attention to changes in net working capital. (Round your answers to 2 decimal places. Use minus sign to enter cash outflows, if any.) Cash flow from operations $ 611.80 millionStep by Step Solution
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