Question
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR(Figures in $ millions) Assets2013 2014 Liabilities and
South Sea Baubles has the following (incomplete) balance sheet and income statement.
BALANCE SHEET AT END OF YEAR(Figures in $ millions)Assets20132014Liabilities and Shareholders' Equity20132014Current assets100190Current liabilities7090Net fixed assets9001,000Long-term debt650850
INCOME STATEMENT, 2014(Figures in $ millions)Revenue2,000Cost of goods sold1,080Depreciation400Interest expense250
What is cash provided by operations during 2014?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
Cash provided by operations$ million
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2013 2014 Liabilities and Shareholders' Equity 100 190 Current liabilities 900 1,000 Long-term debt 2013 2014 70 90 650 850 INCOME STATEMENT, 2014 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense d. 2,000 1,080 400 250 What is cash provided by operations during 2014? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) $ million Cash provided by operations I got 105.50,but its says wrong, please help to get the correctStep by Step Solution
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