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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 $ 90 $ 140 Current liabilities $ 50 $ 60
Net fixed assets 800 900 Long-term debt 600 750

INCOME STATEMENT, 2016
(Figures in $ millions)
Revenue $ 1,950
Cost of goods sold 1,030
Depreciation 350
Interest expense 240

a&b. What is shareholders equity in 2015 and 2016? (Enter your answers in millions.)

c&d. What is net working capital in 2015 and 2016? (Enter your answers in millions.)

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.)

g. Net fixed assets increased from $800 million to $900 million during 2016. What must have been South Seas grossinvestment in fixed assets during 2016? (Enter your answer in millions.)

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