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South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2018 $ 109 990 BALANCE SHEET AT
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2018 $ 109 990 BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2019 Liabilities and Shareholders' Equity $ 235 Current liabilities 1,090 Long-term debt $ 2018 2019 88 $ 117 695 940 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 2,045 Cost of goods sold 1,125 Depreciation 445 Interest expense 259 a&b. What is shareholders' equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $990 million to $1,090 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019? Complete this question by entering your answers in the tabs below. Req A and B Reg C and D Reg E Reg F Req G What is shareholders' equity in 2018 and 2019? (Enter your answers in millions.) 2018 2019 Shareholders' equity million million
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