Question: Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2016 Liabilities and Shareholders' Equity $ 319 $
Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2016 Liabilities and Shareholders' Equity $ 319 $ 420 Current liabilities 1,200 1,420 Long-term debt 2015 2016 $ 210 $ 240 830 920 a&b. What was owners' equity at the end of 2015 and 2016? (Enter your answers in millions.) Owners' equity $ 470 million 680 million c. If Newble paid dividends of $100 million in 2016 and made no stock issues, what must have been net income (Enter your answer in millions.) Net income million
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