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South Sea Baubles has the following (incomplete) balance sheet and income statement. 2015 Assets Current assets Net fixed assets BALANCE SHEET ATIEND OF YEAR! milions)
South Sea Baubles has the following (incomplete) balance sheet and income statement. 2015 Assets Current assets Net fixed assets BALANCE SHEET ATIEND OF YEAR! milions) 2016 Liabilities and Shareholders Equity 140. Current liabilities 900 Long-term debt 2015 $250 608 2016 68 758 800 INCOME STATEMENT 206 (Figures in $ millions Revenue $ 1,950 of goods sold 1,030 Depreciation 350 Interest expense 240 a&b. What is shareholders equity in 2015 and 20162/Enterieuronswers in trillions.) 2015 2016 Shareholders' equity million c&d. What is net working capital in 2015 and 2016? (Enter your answers in millions.) 2015 2016 INet working capital million million Sayed e. What are taxes paid in 2016? Assume the firm pays taxes equal to 35% of taxable income. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Taxes paid million f. What is cash provided by operations during 2016? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Cash provided by operations million g. Net fixed assets increased from $800 million to $900 million during 2016. What must have been South Sea's gross investment in fixed assets during 2016? (Enter your answer in millions.) Gross investment million
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