Question: Hello. Please help me understand how to solve this. Thanks so much! South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets

Hello. Please help me understand how to solve this. Thanks so much!

South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 108 $ 230 Current liabilities 980 1,080 Long-term debt 2018 2019 $ 86 $ 114 690 930 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 2,040 Cost of goods sold 1,120 Depreciation 440 Interest expense 258 1. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. z What is cash provided by operations during 2019? 3.Net fixed assets increased from $980 million to $1,080 million during 2019. What must have been South Sea's gross investment in fixed assets during 2019

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