kwekuwallace kwekuwallace

23-05-2024
Business

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South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets20212022Liabilities and Shareholders' Equity20212022 Current assets$ 108$ 230Current liabilities$ 86$ 114 Net fixed assets9801,080Long-term debt690930 INCOME STATEMENT, 2022 (Figures in $ millions) Revenue$ 2,040 Cost of goods sold1,120 Depreciation440 Interest expense258 a

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