3:5

(Working with financial statemerits) Based on the balance sheet. 2, and income statement, for T.P. Jurmon Company for the year ended December 31, 2018 a. How much is the firm's not working onpital and what is the debt ratio? b. Complete a statement of cash flows for the period. c. Compute the changes in the balance sheets from 2017 to 2018. The debt ratio is 65.1% (Round to one decimal place) b. Complete a statement of cash rows for the period Complete the operating activities part of the statement of cash flows: Round to the nearest dollar. NOTE Input cash inflows as positive values and cash outflows as negative values $ 42,180 $ 30,200 Statement of Cash Flows Cash flows from Operating Activities Net income Adjustments Depreciation Increase in marketable securities Decrease in accounts receivable Prepaid expenses Increase in inventories (less AJP) Decrease in scorul (400) 9.200 (1900) Net cash provided by operating activities Data Table T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 Cash $ 15,000 $ 14,100 6,400 Marketable securities 6,000 Accounts receivable 42,000 32,800 Inventory 51,000 1,200 82.680 1,200 Prepaid rent Total current assets $ 115,200 $ 137,180 Net plant and equipment $ 286,000 $ 270,200 Total assets $ 401,200 $ 407,380 Liabilities and Equity 2017 2018 Accounts payable $ $ 57,000 Accruals 48,000 6,000 15,000 Notes payable 4,900 13,000 Print Done 6,000 6,400 Marketable securities Accounts receivable 42,000 32,800 Inventory Prepaid rent 51,000 1,200 82.680 1,200 $ 115,200 $ 137,180 Total current assets $ 286,000 $ 270,200 Net plant and equipment $ 401,200 $ 407,380 Total assets Liabilities and Equity 2017 2018 Accounts payable $ 48,000 $ 57,000 Accruals 6,000 15,000 4,900 13,000 Notes payable Total current liabilities 69,000 $ 74,900 Long-term debt $ 160,000 $ 149,700 Common stockholders' equity $ 172,200 $ 182,780 Total liabilities and equity $ 401,200 $ 407,380 T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales $ 600,100 459,600 Less cost of goods sold Gross profit Operating and interest expenses General and administrative $ 140,500 $ 29,900 Interest 10,100 30,200 Depreciation Total operating and interest expenses $ 70,200 Earnings before taxes $ 70,300 28,120 Taxes Net income available to common stockholders $ 42,180 31,600 Cash dividends 10,580 Change in retained earnings