Problem $3-6$ Financial Statements $(L01,4)$

South Sea Baubles has the following $($incomplete$)$ balance sheet and income statement.

a&b$.$ What is shareholders' equity in $2021$ and $2022?$

c&d$.$ What is net working capital in $2021$ and $2022?$

e$.$ What are taxes paid in $2022?$ Assume the firm pays taxes equal to $21\%$ of taxable income.

f$.$ What is cash provided by operations during $2022?$

g$.$ Net fixed assets increased from $$890$ million to $$990$ million during $2022.$ What must have been South Sea's gross investment in

fixed assets during $2022?$

h$.$ If South Sea reduced its outstanding accounts payable by $$44$ million during the year, what must have happened to its other current

liabilities?

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

What is cash provided by operations during $2022?($Do not round intermediate calculations. Enter your answer in millions

rounded to $2$ decimal places.$)$

Req E