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South Sea Baubles has the following (Incomplete) balance sheet and income statement BALANCE SHEET AT END OF YEAR (Figures in 5 millions) Assets 2015 2016

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South Sea Baubles has the following (Incomplete) balance sheet and income statement BALANCE SHEET AT END OF YEAR (Figures in 5 millions) Assets 2015 2016 Liabilities and Shareholders' Equity 2015 2016 Current assets $90 140 Current liabilities $ 50 $ 60 Net fixed assets 900 Long-term debt 600 750 see INCOME STATEMENT, 2016 (Figures in $ millions) Revenue $ 1,950 Cost of goods sold 1, e3e Depreciation 35e Interest expense 240 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.) Answer is not complete. million Taxes paid 1. What is cash provided by operations during 2016? (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Answer is complete but not entirely correct. Cash provided by million operations 330.00

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