J&H Corp. recently hired Jeffery. His immediate mandate was to analyze the company. He has to submit a report on the companys operational efficiency and estimate its potential investment in working capital. He has the income statement from last year and the following information from the companys financial reports as well as some industry averages.

	Last year, J&H Corp. reported a book value of $400,000 in current assets, of which 20% is cash, 22% is short-term investments, and the rest is accounts receivable and inventory.
	The company reported $340,000 of current liabilities including accounts payable and accruals. Interestingly, the company had no notes payable outstanding, and there were no changes in the companys accounts payable during the year.
	The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $640,000 for its operating long-term assets last year.

Income Statement For the Year Ended on December 31

	J&H Corp.	Industry Average
Net sales	$41,000,000	$51,250,000
Operating costs, except depreciation and amortization	32,800,000	41,000,000
Depreciation and amortization	1,640,000	2,050,000
Total operating costs	34,440,000	43,050,000
Operating income (or EBIT)	$6,560,000	$8,200,000
Less: Interest expense	656,000	1,230,000
Earnings before taxes (EBT)	$5,904,000	$6,970,000
Less: Taxes (40%)	2,361,600	2,788,000
Net income	$3,542,400	$4,182,000

Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan.

Complete the following statements in his report. If your answer is negative, use the minus sign.

The blanks are Higher or Lower than the industry average and total net operating working capital, net operating capital, or networking capital.

Complete the following statements in his report. If your answer is negative, use the minus sign. Statement #1: J&H Corp.'s NOPAT is $ which is than the industry average of $ Statement #2: The company has $ in operating assets and $ in operating liabilities. Statement #3: J&H Corp. has $ in noncash charges, and a net cash flow of $ which consists of its net operating working capital and its total investment 1 Statement #4: J&H Corp.'s total in operating long-term assets, is equal to $