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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) 2021 $
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2021 $ 97 870 2022 $ 175 970 Liabilities and Shareholders' Equity Current liabilities Long-term debt 2021 2022 $ 64 635 $ 81 820 Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 1,985 1,065 385 247 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 $870 million to $970 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 $42 million during the year, what must have happened to its other current liabilities? Complete this question by entering your answers in the tabs below. Req A and B Req C and D Req E Req F Req G Req H 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. Cash provided by operations _ million
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