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 $(. (Round to the nearest dollar.) 2018 $ 1,464 855 $ 609 Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 Sales $ 1,200 Cost of goods sold 700 Gross profit $ 500 Selling, general and administrative expenses $ 30 Depreciation 220 250 Operating income $ 250 50 Interest expense Net income before taxes 200 $ 49 214 1999 1998 263 $ 346 59 287 115 Taxes (40%) 80 $ 120 Net income $ 172 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2018 Cash $ 2017 $ 200 450 550 159 420 Accounts receivable 621 $ 1,200 $ 1,200 Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment $ 2,200 (1,000) $ 2,630 (1,214) $ 1,200 $ 1,416 $ 2,400 $ 2,616 Total assets Accounts payable Liabilities and Owners' Equity 2017 $ 200 - $ 200 $ 600 Notes payable-current (9%) 2018 $ 157 - 142 $ 299 $ 600 Current liabilities Bonds Owners' equity Common stock $ 900 700 $ 1 900 817 Retained earnings $ 1.717 Total owners' equity $ 1,600 $ 2,400 $ 2,616 Total liabilities and owners' equity