Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. a. What was shareholders?
Question:
Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp.
a. What was shareholders? equity at the end of 2018?
b. What was shareholders? equity at the end of 2019?
c. If Newble paid dividends of $100 in 2019 and made no stock issues, what must have been net income during the year?
d. If Newble purchased $300 in fixed assets during 2019, what must have been the depreciation charge on the income statement?
e. What was the change in net working capital between 2018 and 2019?
f. If Newble issued $200 of new long-term debt, how much debt must have been paid off during the year?
Transcribed Image Text:
BALANCE SHEET AT END OF YEAR (Flgures In $ mlllons) Llablitles and Shareholders' Equlty $ 420 2018 Assets 2018 2019 2019 $ 310 Current llabilitles $240 Current assets Net fixed assets $210 830 1,420 Long-term debt 1,200 920
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Assets Liabilities Shareholders Equity 2018 2019 2018 2019 Current assets 310 420 Current li...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260566093
10th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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