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South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR Assets Current assets 2018 $ 97
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR Assets Current assets 2018 $ 97 Net fixed assets 870 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense (Figures in $ millions) 2019 Liabilities and Shareholders' Equity 2018 $ 175 Current liabilities $ 64 970 Long-term debt 635 2019 $ 81 820 $ 1,985 1,065 385 247 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 $870 million to $970 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019? Answer is complete but not entirely correct. 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 Net fixed assets increased from $870 million to $970 million during 2019. What must have been South Sea's gross in fixed assets during 2019? (Enter your answer in millions.) Gross investment $ 485,000,000 million
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