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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 | $ | 93 | $ | 155 | Current liabilities | $ | 56 | $ | 69 | |||||||||||||||||||||||||||||||||
Net fixed assets | 830 | 930 | Long-term debt | 615 | 780 | |||||||||||||||||||||||||||||||||||||
f. What is cash provided by operations during 2019? g. Net fixed assets increased from $830 million to $930 million during 2019. What must have been South Seas gross investment in fixed assets during 2019? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) |
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