T. P. Jarmon Company Balance Sheet for 12/31/2014 and 12/31/2015
Assets
	2014		2015
Cash	$15,000		$14,000
Marketable securities	6,000		6,200
Accounts receivable	42,000		33,000
Inventory	51,000		83,300
Prepaid rent	1,200		1,100
Total current assets	$115,200		$137,600
Net plant and equipment	$286,000		$270,200
Total assets	$401,200		$407,800
Liabilities and Equity
	2014		2015
Accounts payable	$48,000		$57,000
Accruals	6,000		5,200
Notes payable	15,000		12,900
Total current liabilities	$69,000		$75,100
Long-term debt	$160,000		$150,500
Common stockholders' equity	$172,200		$182,200
Total liabilities and equity	$401,200		$407,800

T. P. Jarmon Company Income Statement for Years Ended 12/31/2015
Sales			$599,800
Less cost of goods sold			459,900
Gross profit			$139,900
Operating and interest expenses
General and administrative	$30,200
Interest	10,000
Depreciation	30,200
Total operating and interest expenses			$70,400
Earnings before taxes			$69,500
Taxes			27,800
Net income available to common stockholders			$41,700
Cash dividends			31,700
Change in retained earnings			$10,000

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 2014 to 2015.