Given the balance sheet and income statement for Pamplin Inc.:

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

2015.

Pamplin Inc. Balance Sheet at 12/31/2014 and 12/31/2015 Assets 2014 2015 Cash Accounts receivable Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment Total assets $200 450 550 $1,200 $2,200 (1,000) $1,200 $2,400 $158 417 610 $1,185 $2,629 (1,208) $1,421 $2,606 Liabilities and Owners Equity 2014 2015 $200 $152 135 $287 $600 Accounts payable Notes payable-current(9%) Current liabilities Bonds Owners' equity Common stock Retained earnings Total owners' equity Total liabilities and owners' equity $200 $600 $900 700 $1,600 $2,400 900 819 $1,719 $2,606 Pamplin Inc. Income Statement for Years Ended 12/31/2014 and 12/31/2015 2014 2015 S 1.200 1.467 Sales Cost of goods sold Gross profit Selling, general and administrative expenses 700 860 S 500 5 607 30 220 250 208 255 Operating income Interest expense Net income before taxes Taxes (40%) Net income S 250 $ 352 50 61 S 200 80 5 291 116 S 120 5 175