. Last year, J&H Corp. reported a book value of $700,000 in current assets, of which 25% is cash, 27% is short-term investments, and the rest is accounts receivable and inventory . The company reported $595,000 of current liabilities including accounts payable and accruals Interestingly, the company had no notes payable outstanding, and there were no changes in the company's accounts payable during the year . The company, however, invested heavily in plant and equipment to support its operations. It reporteda book value of $1,120,000 for its long-term assets last year Income Statement For the Year Ended on December 31 Industry Average J&H Corp Net sales $45,000,000 $56,250,000 45,000,000 2,250,000 47,250,000 $9,000,000 1,350,000 $7,650,000 3,060,000 $4,590,000 Operating costs, except depreciation and amortization Depreciation and amortization Total operating costs Operating income (or EBIT) Less: Interest expense Earnings before taxes (EBT) Less: Taxes (40%) Net income 36,000,000 1,800,000 37,800,000 $7,200,000 720,000 $6,480,000 2,592,000 $3,888,000 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. which is than the industry average Statement # 1: J&H Corp.'s NOPAT is of $5,400,000 Statement #2: The company is using Statement #3: J&H Corp. is generating accounting profit of Statement #4: The firm uses value is computed as the in net operating working capital (NOWC) in net cash flow from its operations and an of total net operating capital to run the business. This of J&H Corp.'s net operating working capital and its