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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) 2015 2016 Liabilities
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2016 Liabilities and Shareholders Equity Assets Current assets Net fixed assets $ 90 140 Current liabilities 800 900 Long-term debt 2015 2016 s 50 $ 60 600 750 INCOME STATEMENT, 2016 (Figures in s millions) Revenue 1,950 Cost of goods sold 1,030 Depreciation Interest expense 350 240 a&b. What is shareholders' equity in 2015 and 2016? (Enter your answers in millions.) Answer is complete but not entirely correct 2015 2016 Shareholders $6,500 x million 6,900 x million ul
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