Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2017 2018 Cash $ 200 152 Accounts receivable 450 424 550 615 Inventory Current assets $ 1.200 $ 1,191 Plant and equipment $ 2.200 (1,000) $ 2,633 (1,207) Less accumulated depreciation $ 1.200 $ 1.426 Net plant and equipment $ 2.400 $ 2.617 Total assets Liabilities and Owners' Equity 2017 2018 Accounts payable $ 200 $ 160 Notes payable-current (9%) 0 135 Current liabilities $ 200 295 o jo Bonds 600 600 Owners' equity Common stock $ 900 S 900 Retained earnings 700 822. Total owners' equity S 1,600 $ 1.722 Total liabilities and owners' equity $ 2,400 S 2617 Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 2018 $ 1.469 Sales $ 1,200 700 Cost of goods sold $ 609 $ 500 Gross prof $ 48 30 Selling general and administrative expenses 255 207 250 220 $ 354 Depreciation Operating income $ 250 59 50 Interest expense S 295 $ 200 Net income before taxes 80 118 Taxes (40%) S $ 120 Net income Print Done (Working with financial statements) Given the balance sheet, 2, and income statement, for Knapp 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 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.)