a. How much is the firm's net working capital and what is the debt ratio? b. Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2018. a. How much is the firm's net working capital and what is the debt ratio? The net working capital is $ 888. (Round to the nearest dollar.) The debt ratio is 34.3%. (Round to one decimal place.) b. Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2018. Complete the common-sized income statement: (Round to one decimal place.) 1,463 % 859 Common-sized income statement Sales Cost of goods sold Gross profit Selling, general, and administrative expenses $ Depreciation Operating income 604 % 44 % 206 354 % Interest expense 60 Net Income before taxes 294 % Taxes (40%) 118 Net income $ 176 % of 7 (0 complete) i Data Table Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2017 Cash 2018 $ 152 $ 200 Accounts receivable 450 424 550 608 $ 1,200 $ 1.184 Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment $ 2,200 (1,000) $ 2,635 (1,206) $ 1,200 $ 1,429 Total assets $ 2,400 $ 2,613 Liabilities and Owners' Equity 2017 2018 $ 200 $ Accounts payable Notes payable-current (9%) Current liabilities 157 139 0 $ 200 $ 296 $ 600 $ 600 Bonds Owners' equity Common stock Retained earnings $ 900 900 817 700 Total owners' equity $ 1,600 $ 1,717 Total liabilities and owners' equity $ 2,400 $ 2,613 Print Done i Data Table Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2017 2018 Cash $ 200 $ 152 Accounts receivable 450 550 424 608 $ 1,200 $ 1,184 Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment $ 2,200 (1,000) $ 2,635 (1,206) $ 1,200 $ 1,429 Total assets $ 2,400 $ 2,613 Liabilities and Owners' Equity 2017 2018 200 $ Accounts payable Notes payable-current (9%) 157 139 0 Current liabilities $ 200 $ 296 $ 600 600 Bonds Owners' equity Common stock 900 $ 900 700 817 Retained earnings Total owners' equity Total liabilities and owners' equity $ 1,600 $ 1,717 $ 2,400 $ 2,613