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South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2018 BALANCE SHEET AT END OF
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2018 BALANCE SHEET AT END OF YEAR (Figures in $ millions) $ 91 $145 Current liabilities 2019 Liabilities and Shareholders' Equity 2018 2019 $ 52 $ 63 605 760 810 910 Long-term debt INCOME STATEMENT, 2019 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 1,955 1,035 355 241 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 $810 million to $910 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019?
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