Newble Oil Corp.'s balance sheets for 2018 and 2019 (incomplete).

YEAR-END BALANCE SHEET
(Figures in millions of dollars)
assets	2018			2019			Liabilities and equity	2018			2019
current assets	$	316		$	450		current liabilities	$	240		$	246
net fixed assets		1.260			1.450		long-term debt		860			980

a&b. What was the equity at the end of 2018 and 2019?

C. If Newble paid a dividend of $130 million in 2019 and did not issue shares, what should be net income for the year?

D. If Newble purchased $330 million of fixed assets in 2019, how much should the depreciation expense on the income statement be?

to. How was the change in net working capital between 2018 and 2019?

If F. Newble made $212 million in new long-term loans, how much should have been paid off during the year? (Enter your answer in millions.)

Complete this question by entering your answers in the tabs below.

A month B : What was the equity at the end of 2018 and 2019? (Enter your answers in millions.)

	2018		2019
Joint capital.		million		million

A: If Newble paid a dividend of $130 million in 2019 and did not issue shares, what should be the net income for the year? (Enter your answer in millions.)

Net income.

million

D: If Newble paid $130 million in dividends in 2019 and didn't issue stock, what should the net income be for the year? (Enter your answer in millions.)

Net income.

million

E: What was the change in net working capital between 2018 and 2019? (Enter your answer in millions.)

Change in net working capital.

million

F: If Newble made $212 million in new long-term loans, how much should have been paid off during the year? (Enter your answer in millions.)

Debt paid during the year.

million

Answer rating: 100% (QA)

AB To find the equity at the end of 2018 and 2019 we need to subtract total liabilities from total assets 2018 equity total assets total liabilities 3... View the full answer