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Please help with Problem F. South Sea Baubles has the following (Incomplete) balance sheet and Income statement. Assets Current assets Net fixed assets BALANCE SHEET

Please help with Problem F.

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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 5 millions) 2015 2016 Liabilities and shareholders' Equity $ 99 $ 140 Current liabilities 800 900 Long-term debt 2015 2016 $ 50 $ 60 600 750 INCOME STATEMENT, 2016 (Figures in $ millions) Revenue $ 1,950 Cost of goods sold 1,038 Depreciation 350 Interest expense 240 a&b. What is shareholders' equity in 2015 and 2016? (Enter your answers in millions.) Answer is complete and correct. 2015 2016 $ 240 million $ 230 million Shareholders' equity c&d. What Is net working capital in 2015 and 2016? (Enter your answers in millions.) Answer is complete and correct. 2015 2016 540 million $ 30 million Networking capital e. What are taxes pald In 2016? Assume the firm pays taxes equal to 35% of taxable income. (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Answer is complete and correct. Taxes paid $15.50 million f. What is cash provided by operations during 2016? (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) * Answer is complete but not entirely correct. Cash provided by million operations g. Net fixed assets Increased from $800 million to $900 million during 2016. What must have been South Sea's gross Investment in fixed assets during 2016? (Enter your answer in millions.) Answer is complete and correct. 450 million Gross

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