Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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I need help with (f.) figuring out what is Cash provided by operation during 2019. (G.) Net fixed assets increased from $920 million to $1,020 million during 2019 what must have been South seeds gross investment and fix assets during 2019?
Financial Analy sis and Appli
Question 1- M1 CONNECT Problen X
C Scl ed: Financial Statement
A https://ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser=0&launchUrl=https%253A9 *.
T Problems
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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)
2019 Liabilities and Shareholders' Equity
200 Current liabilities
1,020 Long-term debt
Assets
2018
2018
2019
Current assets
$ 102 $
$74 $ 96
Net fixed assetS
920
660
870
INCOME STATEMENT, 2019
(Figures in $ millions)
Revenue
Cost of goods sold
Depreciation
Interest expense
$ 2,010
1,090
410
252
a&b. What is shareholders' equity in 2018 and 2019?
c&d. What is net working capital in 2018 and 2019?
e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income.
f. What is cash provided by operations during 2019?
g. Net fixed assets increased from $920 million to $1,020 million during 2019. What must have been South Sea's gross investment in
fixed assets during 2019?
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Transcribed Image Text:Financial Analy sis and Appli Question 1- M1 CONNECT Problen X C Scl ed: Financial Statement A https://ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser=0&launchUrl=https%253A9 *. T Problems Saved Help Save & CH South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2019 Liabilities and Shareholders' Equity 200 Current liabilities 1,020 Long-term debt Assets 2018 2018 2019 Current assets $ 102 $ $74 $ 96 Net fixed assetS 920 660 870 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 2,010 1,090 410 252 a&b. What is shareholders' equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $920 million to $1,020 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019? Complete this question by entering your answers in the tabs below.
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