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pls give explanations. thanks South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $
pls give explanations. thanks
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2016 Liabilities and Shareholders Equity2015 2016 Assets Current assets Net fixed assets $ 50 60 600 750 $ 90 $ 140 Current 1iabilities 800 900 Long-term debt INCOME STATEMENT, 2016 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 1,950 1,030 350 240Step by Step Solution
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