South Sea Baubles has the following (incomplete) balance sheet and income statement.

BALANCE SHEET AT END OF YEAR (Figures in $ millions)

Assets 2018 2019 Liabilities and Shareholders' Equity 2018 2019

Current assets $93 $155 Current liabilities $56 $69

Net fixed assets 830 930 Long-term debt 615 780

INCOME STATEMENT, 2019 (Figures in $ millions)

Revenue $1,965

Cost of goods sold 1,045

Depreciation 365

Interest expense 243

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 $830 million to $930 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019?