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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) Assets Current
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Current assets Net fixed assets 2018 $ 108 $ 230 Current liabilities 1,080 Long-term debt 980 2019 Liabilities and Shareholders' Equity 2018 2019 86 $ 114 690 930 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 2,040 1,120 440 258 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 $980 million to $1,080 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 Req C and D Req E Req F Req G What is shareholders' equity in 2018 and 2019? (Enter your answers in millions.) Shareholders' equity 2018 2019 million million < Req A and B Req C and D >
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