Question: Here are the 2015 and 2016 (incomplete) balance sheets for Newble Oil Corp. a. What was shareholders' equity at the end of 2015? b. What

Here are the 2015 and 2016 (incomplete) balance sheets for Newble Oil Corp.

a. What was shareholders' equity at the end of 2015?
b. What was shareholders' equity at the end of 2016?
c. If Newble paid dividends of $100 in 2016 and made no stock issues, what must have been net income during the year?
d. If Newble purchased $300 in fixed assets during 2016, what must have been the depreciation charge on the income statement?
e. What was the change in net working capital between 2015 and 2016?

BALANCE SHEET AT END OF YEAR (Figures in S millions) Assets Current assets S 310 $ 420 Current liabilitios Net fixed assets ,200 1,420 Long-term debt 2015 2016 Liabilities and Shareholders' Equity 2015 2016 $210 $240 830 920

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