Last year, J&H Corp. reported a book value of $700,000 in current assets, of which 15% is cash, 17% 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 reported a book value of $1,120,000 for its operating long-term assets last year. Income Statement For the Year Ended on December 31 J&H Corp. Industry Average $15,000,000 $18,750,000 Net sales 12,000,000 15,000,000 Operating costs, except depreciation and amortization Depreciation and amortization 600,000 750,000 Total operating costs 12,600,000 15,750,000 Operating income (or EBIT) $2,400,000 $3,000,000 240,000 450,000 Less: Interest expense Earnings before taxes (EBT) Less: Taxes (40%) Net income $2,160,000 864,000 $1,296,000 $2,550,000 1,020,000 $1,530,000 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. Statement #1: J&H Corp.'s NOPAT is $ , which is than the industry average of $ Statement #2: The company has no notes payable reported in its balance sheet, so its current operating liabilities total $ Statement #3: The S difference between J&H's Corp's net income and its net cash flow is attributable to its annual consists of the sum of its and Statement #4: J&H Corp.'s total net operating capital of $ its total investment in Last year, J&H Corp. reported a book value of $700,000 in current assets, of which 15% is cash, 17% 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 reported a book value of $1,120,000 for its operating long-term assets last year. Income Statement For the Year Ended on December 31 J&H Corp. Industry Average $15,000,000 $18,750,000 Net sales 12,000,000 15,000,000 Operating costs, except depreciation and amortization Depreciation and amortization 600,000 750,000 Total operating costs 12,600,000 15,750,000 Operating income (or EBIT) $2,400,000 $3,000,000 240,000 450,000 Less: Interest expense Earnings before taxes (EBT) Less: Taxes (40%) Net income $2,160,000 864,000 $1,296,000 $2,550,000 1,020,000 $1,530,000 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. Statement #1: J&H Corp.'s NOPAT is $ , which is than the industry average of $ Statement #2: The company has no notes payable reported in its balance sheet, so its current operating liabilities total $ Statement #3: The S difference between J&H's Corp's net income and its net cash flow is attributable to its annual consists of the sum of its and Statement #4: J&H Corp.'s total net operating capital of $ its total investment in