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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 2015 2016
South Sea Baubles has the following (incomplete) balance sheet and income statement.
BALANCE SHEET AT END OF YEAR | ||||||||||||||
(Figures in $ millions) | ||||||||||||||
Assets | 2015 | 2016 | Liabilities and Shareholders' Equity | 2015 | 2016 | |||||||||
Current assets | $ | 101 | $ | 195 | Current liabilities | $ | 72 | $ | 93 | |||||
Net fixed assets | 910 | 1,010 | Long-term debt | 655 | 860 | |||||||||
INCOME STATEMENT, 2016 | |||
(Figures in $ millions) | |||
Revenue | $ | 2,005 | |
Cost of goods sold | 1,085 | ||
Depreciation | 405 | ||
Interest expense | 251 | ||
What is cash provided by operations during 2016? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
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