Fundamentals of Corporate Finance by Brealey, Myers, and Marcus Financial Statements. South Sea Baubles has the following (incomplete) balance sheet and income statement. Balance Sheet At End of Year (Figures in $ millions) Assets 2018 2019 Liability and Shareholders' Equity 2018 2019 Current assets $ 90 $140 Current Liabilities
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Financial Statements. South Sea Baubles has the following (incomplete) balance sheet and income statement.
|
Balance Sheet At End of Year (Figures in $ millions) |
| Assets 2018 2019 Liability and Shareholders' Equity 2018 2019 |
|
Current assets $ 90 $140 Current Liabilities $ 50 $ 60 Net fixed assets 800 900 Long-term debt 600 750 |
|
Income Statement, 2019 (Figures in $ millions) |
|
Revenue $1,950 Cost of goods sold 1,030 Interest expense 240 |
a. What is shareholders' equity in 2018?
b. What is shareholders'equity in 2019?
c. What is net working capital in 2018?
d. What is net working capital in 2019?
e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income.
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