FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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(Figures in $ millions) |
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Assets |
2021 |
2022 |
Liabilities and Shareholders' Equity |
2021 |
2022 |
Current assets |
$ 102 |
$ 200 |
Current liabilities |
$ 74 |
$ 96 |
Net fixed assets |
920 |
1,020 |
Long-term debt |
660 |
870 |
INCOME STATEMENT, 2022 |
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(Figures in $ millions) |
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Revenue |
$ 2,010 |
Cost of goods sold |
1,090 |
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410 |
Interest expense |
252 |
g. Net fixed assets increased from $920 million to $1,020 million during 2022. What must have been South Sea’s gross investment in fixed assets during 2022?...........
(M1)
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