(Wording with farcis statements Given the balance sheet .and income statement for Knapp Inc. 2. How much is the firm's not working capital and what is the debt ratio? B. Complete a common-sized income statement, a common-sized balance shent, and a statement of cash flows for 2018 2. How much is the firm's not working capital and what is the debt ratio? The networking capital is Round to the nearest ddar.) The debt ratio is Round to ona decimal place) D. Complete a common-sized income statement, a common-sized balance shent, and a statement of cash flows for 2018. Complete the common-sized income statement Round to one decimal place.) 170 Common-cized Income statement Sales Cost of goods sold 860 Groce profit 802 Selling general, and administrative expenses $ 43 Depreciation 209 Operating Income 350 Interest expense SE Net Income before taxe Tas (40%) 118 Net Income Complete the assets section of the common-sized balance sheet (Round to one decimal place) Common-cized balance chest Cash Accounts receivable Inventory 615 Current accets 1,194 Plant and copment 2,625 Loss accumulated depreciation 11,209 Not plant and equipment 1,416 Total accato 2,810 Compite the abilities and owners' equity section of the common-sized balance shoot (Round to one decimal place.) 157 $ Complete the abilities and owners' equity section of the common-sized balance sheet Round to one decimal place. Common-cized balance sheet LIABILITIES AND OWNER EQUITY Accounts payable $ 152 Notes payablo-current (99) 143 Current liabilities 295 Bands $ Owner' equity Common stock $ 900 Rotind carings 815 Total owner' equity 1,716 Total liabilities and owner' equity 2,810 Complete the operating active part of the statement of cashfon: Round to the nearest dollar. NOTE Input cash inflows as positive values and cash outfows as negative values.) statement of Cash Flows Cach Flowc from Operating Activities Not income Adjustments Depreciation Decrease in accounts receivable Increase in inventory Decrease in account payable Natach provided by operating activities Complete the investing activities part of the statement of cash flow (Round to the nearest dolar. NOTE. Input cash inflows as positive values and cash outlows as negative values. statement of Cash Flows (Conta) Cach Flows from Investing Activities Increase in plant and equipment Net och used in Investing activities Complete the financing activities part of the statement of cash fows: (Round to the nearest dollar. NOTE Input cash inflows as positive values and cash outlows as negative values. statement of Cash Flows (Contd) Cash Flowc from Financing Activities Increase in notos payable Dividends Net och provided by financing activities $ Not ce in cash Cash, February 1, 2018 Cash, January 31, 2018 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets $ Cash Accounts receivable 2017 $ 200 450 550 2018 $ 157 422 615 $ 1.194 $ 1.200 Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment $ 2.200 (1.000) $ 1,200 $ 2,400 $ 2.625 (1.209) $ 1.416 $ 2,610 Total assets Liabilities and Owners' Equity 2017 $ 200 0 $ 200 2018 $ 152 143 $ 295 $ 600 600 Accounts payable Notes payable-current (9%) Current liabilities Bonds Owners' equity Common stock Retained earnings Total owners' equity Total liabilities and owners' equity $ 900 815 $ 900 700 $ 1,600 $ 2.400 $ 1,715 $ 2,610 204g 1,492 2a] 22 22 S Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2,047 Sales 20 700 Cost of goods sold Gross profit 00 Selling, general and administrative expenses S 20 220 250 Depreciation Operating income S 250 50 Interest expense Net income before taxes S 2/J0 20 Taxes (40%) S 20 Net income | | | | % * 43 209 252 S 250 S 25 13 S 17B (Wording with farcis statements Given the balance sheet .and income statement for Knapp Inc. 2. How much is the firm's not working capital and what is the debt ratio? B. Complete a common-sized income statement, a common-sized balance shent, and a statement of cash flows for 2018 2. How much is the firm's not working capital and what is the debt ratio? The networking capital is Round to the nearest ddar.) The debt ratio is Round to ona decimal place) D. Complete a common-sized income statement, a common-sized balance shent, and a statement of cash flows for 2018. Complete the common-sized income statement Round to one decimal place.) 170 Common-cized Income statement Sales Cost of goods sold 860 Groce profit 802 Selling general, and administrative expenses $ 43 Depreciation 209 Operating Income 350 Interest expense SE Net Income before taxe Tas (40%) 118 Net Income Complete the assets section of the common-sized balance sheet (Round to one decimal place) Common-cized balance chest Cash Accounts receivable Inventory 615 Current accets 1,194 Plant and copment 2,625 Loss accumulated depreciation 11,209 Not plant and equipment 1,416 Total accato 2,810 Compite the abilities and owners' equity section of the common-sized balance shoot (Round to one decimal place.) 157 $ Complete the abilities and owners' equity section of the common-sized balance sheet Round to one decimal place. Common-cized balance sheet LIABILITIES AND OWNER EQUITY Accounts payable $ 152 Notes payablo-current (99) 143 Current liabilities 295 Bands $ Owner' equity Common stock $ 900 Rotind carings 815 Total owner' equity 1,716 Total liabilities and owner' equity 2,810 Complete the operating active part of the statement of cashfon: Round to the nearest dollar. NOTE Input cash inflows as positive values and cash outfows as negative values.) statement of Cash Flows Cach Flowc from Operating Activities Not income Adjustments Depreciation Decrease in accounts receivable Increase in inventory Decrease in account payable Natach provided by operating activities Complete the investing activities part of the statement of cash flow (Round to the nearest dolar. NOTE. Input cash inflows as positive values and cash outlows as negative values. statement of Cash Flows (Conta) Cach Flows from Investing Activities Increase in plant and equipment Net och used in Investing activities Complete the financing activities part of the statement of cash fows: (Round to the nearest dollar. NOTE Input cash inflows as positive values and cash outlows as negative values. statement of Cash Flows (Contd) Cash Flowc from Financing Activities Increase in notos payable Dividends Net och provided by financing activities $ Not ce in cash Cash, February 1, 2018 Cash, January 31, 2018 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets $ Cash Accounts receivable 2017 $ 200 450 550 2018 $ 157 422 615 $ 1.194 $ 1.200 Inventory Current assets Plant and equipment Less accumulated depreciation Net plant and equipment $ 2.200 (1.000) $ 1,200 $ 2,400 $ 2.625 (1.209) $ 1.416 $ 2,610 Total assets Liabilities and Owners' Equity 2017 $ 200 0 $ 200 2018 $ 152 143 $ 295 $ 600 600 Accounts payable Notes payable-current (9%) Current liabilities Bonds Owners' equity Common stock Retained earnings Total owners' equity Total liabilities and owners' equity $ 900 815 $ 900 700 $ 1,600 $ 2.400 $ 1,715 $ 2,610 204g 1,492 2a] 22 22 S Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2,047 Sales 20 700 Cost of goods sold Gross profit 00 Selling, general and administrative expenses S 20 220 250 Depreciation Operating income S 250 50 Interest expense Net income before taxes S 2/J0 20 Taxes (40%) S 20 Net income | | | | % * 43 209 252 S 250 S 25 13 S 17B