(Working with an income statement and balance sheet)

Prepare a balance sheet and income statement for Kronlokken Company from the scrambled list of items shown in the popup window,

Depreciation expense 66,000 Cash 225,000 Long-term debt 334,000 Sales 573,000 Accounts payable 102,000 General and administrative expenses 79,000 Buildings and equipment 895,000 Notes payable 75,000 Accounts receivable 153,000 Interest expense 4,750 Accrued operating expenses 7,900 Common stock 289,000 Cost of goods sold 297,000 Inventory 99,300 Taxes 50,500 Accumulated depreciation -263,000 Prepaid expenses 14,500 Taxes payable 53,000 Retained earnings 262,900

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a. What is the firm's net working capital and debt ratio?

c. Interpret your findings.