Instruction : This Assessment is open-book. There is no time limit, and you may use your textbooks, other supporting material and and Excel financial formulae for your reference and assistance. Please answer all questions. Question 1 {15 marks! {Working with nancial statements) Based on the information for the T. P. J armon Company for the year ended December 31, 2015: a) How much is the rm's net working capital, and what is the debt ratio? b) Complete a statement of cash ows for the period. Interpret your results. 0) Compute the changes in the balance sheets 00111 2014 to 2015. What do you learn about T. P. J armon from these computations? How do these numbers relate to the statement of cash ows? Assets 2014 2015 Cash $15,000 $14,000 Marketable Securities 6,000 6,200 Accounts receivable 42,000 33,000 Inventory 51,000 84,000 Prevaid rent M um Total current assets 5 115,200 $ 138.300 Net plant and equipment 286,000 270,000 Total assets M w Liabilities and Equity 2014 ' 2015 Account payable 3: 48,000 $ 57,000 Accruals 6,000 5,000 Notes Payable M M Total cm'rent liabilities $ 69,000 5 75.000 Long term debt 160 000 $ 150,000 Common stockholders' equity $ 172,200 $ 183.300 Total liabilities and equity 401,200 g 408,300 Table Q1-1. T. P. J armon Company Balance Sheet for 1213 1i2014 and 121'311'2015