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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 Current assets

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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 Current assets Net fixed assets 2015 2016 Liabilities and Shareholders' Equity $ 90 $ 140 Current liabilities 2015 2016 $ 50 $ 60 600 750 800 900 Long-term debt INCOME STATEMENT, 2016 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 1,950 1,030 350 240

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