Balance sheet and income statement

Assignment Help Management Theories

Reference no: EM131067714

South Sea Baubles has the following (incomplete) balance sheet and income statement.

BALANCE SHEET AT END OF YEAR
(Figures in $ millions)
Assets	2013	2014	Liabilities and Shareholders' Equity	2013	2014
Current assets	92	150	Current liabilities	54	66
Net fixed assets	820	920	Long-term debt	610	770

INCOME STATEMENT, 2014
(Figures in $ millions)
Revenue	1,960
Cost of goods sold	1,040
Depreciation	360
Interest expense	242

a.	What is shareholders' equity in 2013 and 2014? (Enter your answers in millions.)

	2013	2014
Shareholders' equity	$ million	$ million

b.	What is net working capital in 2013 and 2014? (Enter your answers in millions.)

	2013	2014
Net working capital	$ million	$ million

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.)

Taxes paid

$ million

d.	What is cash provided by operations during 2014? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Cash provided by operations

$ million

e.	Net fixed assets increased from $820 million to $920 million during 2014. What must have been South Sea's gross investment in fixed assets during 2014? (Enter your answer in millions.)

Gross investment

$ million

Reference no: EM131067714

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