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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 2018 2019

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

BALANCE SHEET AT END OF YEAR
(Figures in $ millions)
Assets 2018 2019 Liabilities and Shareholders' Equity 2018 2019
Current assets $ 100 $ 190 Current liabilities $ 70 $ 90
Net fixed assets 900 1,000 Long-term debt 650 850

INCOME STATEMENT, 2019
(Figures in $ millions)
Revenue $ 2,000
Cost of goods sold 1,080
Depreciation 400
Interest expense 250

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 $900 million to $1,000 million during 2019. What must have been South Seas gross investment in fixed assets during 2019?

Please HELP with question e. and f.

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