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Need help with blank boxes Problem 3-16 (similar to) = Question Help (Working with financial statements) Based on the balance sheet, 9, and income statement,
Need help with blank boxes
Problem 3-16 (similar to) = Question Help (Working with financial statements) Based on the balance sheet, 9, and income statement, , for T. P. Jarmon Company for the year ended December 31, 2018: a. How much is the firm's net working capital and what is the debt ratio? b. Complete a statement of cash flows for the period. c. Compute the changes in the balance sheets from 2017 to 2018. Data Table Data Table a. How much is the firm's net working capital and what is the debt ratio? The net working capital is $ 62800 . (Round to the nearest dollar.) T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Assets The debt ratio is 55.2 %. (Round to one decimal place.) $ 600,300 Sales 2017 2018 b. Complete a statement of cash flows for the period. 460,200 Less cost of goods sold Cash 15,000 14,100 Complete the operating activities part of the statement of cash flows: (Round to the nearest dollar. NOTE: Input ca $ 140,100 Gross profit 6.000 6,300 Marketable securities Operating and interest expenses 42,000 Statement of Cash Flows Accounts receivable 32,800 General and administrative 30,200 Cash flows from Operating Activities Inventory 51,000 83.500 Interest 10,000 1.200 1.100 Net income Prepaid rent 29,900 Depreciation $ 115,200 $ 137,800 Adjustments Total current assets $ 70,100 29900 Total operating and interest expenses Depreciation $ 286,000 $ 270,100 2$ Net plant and equipment $ 70,000 (300) 9200 Earnings before taxes Increase in marketable securities $ 401,200 $ 407,900 Total assets 28,000 Taxes Decrease in accounts receivable Liabilities and Equity 100 $ 42,000 Prepaid expenses Net income available to common stockholders 2017 2018 31,800 (41500) Increase in inventories (less A/P) Cash dividends Accounts payable 57,000 48,000 (1000) $ 10.200 Decrease in accruals Change in retained earnings Accruals 6,000 5,000 Net cash provided by operating activities 15,000 13,000 Notes payable Print Done 69,000 75,000 Total current liabilities $ 160,000 $ 150,500 Long-term debt $ 172,200 $ 182,400 Common stockholders' equity $ 407,900 401,200 Total liabilities and equity Print DoneStep by Step Solution
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