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

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.)

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

South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in millions) Assets Current assets Net fixed assets 2015 2016 Liabilities and Shareholders' Equity 2015 2016 $ 50 60 600 750 $ 90 140 Current liabilities 800 900 Long-term debt INCOME STATEMENT, 2016 (Figures in $ millions) Revenue $ 1,950 Cost of goods sold 1,030 Depreciation Interest expense 350 240