A 174.Subject:- accounting South Sea Baubles has the following (incomplete) balance sheet and income statement.AssetsCurrent assetsNet fixed assets2021$ 105950INCOME STATEMENT, 2022(Figures in $ millions)RevenueCost of goods soldDepreciationInterest expense$ 2,0251,105BALANCE SHEET AT END OF YEAR(Figures in $ millions)2022$ 2151,050425255Liabilities and Shareholders' EquityCurrent liabilitiesLong-term debt2021$ 806752022$ 105900f. What is cash provided by operations during 2022?g. Net fixed assets increased from $950 million to $1,050 million during 2022. What must have been South Sea's gross investment infixed assets during 2022?h. If South Sea reduced its outstanding accounts payable by $50 million during the year, what must have happened to its other currentliabilities?

South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2021 $ 105 950 INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 2,025 1,105 425 255 BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2022 Liabilities and Shareholders' Equity $215 Current liabilities 1,050 Long-term debt 2021 $ 80 675 2022 $ 105 900 f. What is cash provided by operations during 2022? g. Net fixed assets increased from $950 million to $1,050 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? h. If South Sea reduced its outstanding accounts payable by $50 million during the year, what must have happened to its other current liabilities?

South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets 2021 $ 105 950 INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 2,025 1,105 425 255 BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2022 Liabilities and Shareholders' Equity $215 Current liabilities 1,050 Long-term debt 2021 $ 80 675 2022 $ 105 900 f. What is cash provided by operations during 2022? g. Net fixed assets increased from $950 million to $1,050 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? h. If South Sea reduced its outstanding accounts payable by $50 million during the year, what must have happened to its other current liabilities?

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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