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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 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

Management Theories, Management Studies

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