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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 2015 2016

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

BALANCE SHEET AT END OF YEAR

(Figures in $ millions)

Assets 2015 2016 Liabilities and Shareholders' Equity 2015 2016

Current assets $ 95 $ 165 Current liabilities $ 60 $ 75

Net fixed assets 850 950 Long-term debt 625 800

________________________________________

INCOME STATEMENT, 2016

(Figures in $ millions)

Revenue $ 1,975

Cost of goods sold 1,055

Depreciation 375

Interest expense 245

________________________________________

f. What is cash provided by operations during 2016? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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