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Use the finaincal data below to answer questions A - E South Sea Baubles has the following (incomplete) balance sheet and income statement. a. What
Use the finaincal data below to answer questions A - E
South Sea Baubles has the following (incomplete) balance sheet and income statement. a. What is shareholders' equity in 2013 and 2014? (Enter your answers in millions.) 2013 2014 b. What is net working capital in 2013 and 2014? (Enter your answers in millions.) c. What are taxes paid in 2014? 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.) d. What is cash provided by operations during 2014? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) e. Net fixed assets increased from $890 million to $990 million during 2014. What must have been South Sea's gross investment in fixed assets during 2014? (Enter your answer in millions.)Step by Step Solution
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