(Working with financial statements) Based on the balance sheet, and income statement for T. P.Jormon Company for the year ended December 31, 2018 a. How much is the firm's not 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 a. How much is the firm's not working capital and what is the debt ratio? The networking capital is $7. (Round to the nearest dollar) The debt ratio % (Round to one decimal place) b. Completa a statement of cash flows for the period Complete the operating activities part of the statement of cash flows: (Round to the nearest dollar, NOTE. Input cash inflows as positive values and cash outflows as negative value> Statement of Cash Flows Cash flows from Operating Activities Net income Adjustments Depreciation Increase in marketable securities Decrease in accounts receivable Prepaid expenses Increase in inventories less AP) Decrease in accruals Net cash provided by operating activities Complete the investing activites part of the statement of cash flows: (Round to the nearest dollar. NOTE: Input cash inflows an positive values and cash outlows as negative values.) Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross plant and equipment Net cash provided (consumed) by investing activities Complete the financing activities part of the statement of cash flows: (Round to the nearest dollar. NOTEInput cash inflows as positive values and cash outflows as negative values Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities 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. Cash Flows from Financing Activities Decrease in notes payable Decrease in debt Dividends Net cash provided by financing activities Net decrease in cash Cash, January 1, 2018 Cash, December 31, 2018 c. Compute the changes in the balance sheets from 2017 to 2018. Complete the changes in the assets section of the balance sheets from 2017 to 2018: (Round to the nearest dollar Balance Sheet Changes from 2017 to 2018: ASSETS Cash $ Marketable securities $ Accounts receivable Inventory Prepaid rent Total current assets Gross plant and equipment $ Loss: Accumulated depreciation Net plant and equipment Total assets Complete the changes in the liabilities and owners' equity section of the balance sheets from 2017 to 2018: (Round to Balance Sheet Changes from 2017 to 2018: (Cont'd) LIABILITIES AND OWNERS' EQUITY Accounts payable Enter any number in the edit fields and then continue to the next question (Working with financial statomonts) Based on the balance sheet, and income statement... for T. P.Jarmo 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. Cash. January 1, 2018 Cash, December 31, 2018 c. Compute the changes in the balance shoots from 2017 to 2018, Complete the changes in the assets section of the balance sheets from 2017 to 2018: (Round to the nearest dollar. Balance Sheet Changes from 2017 to 2018: ASSETS Cash Marketable securities Accounts receivable Inventory Prepaid rent Total current assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment $ $ Total assets Complete the changes in the liabilities and owners' equity section of the balance sheets from 2017 to 2018 (Round to Balance Sheet Changes from 2017 to 2018: (Cont'd) LIABILITIES AND OWNERS' EQUITY Accounts payable $ Accruals Notes payable Total current liabilities $ Long-term debt $ Common stockholders' equity Total liabilities and equity Enter any number in the edit fields and then continue to the next question. 4 of 9 (0 complete) t..for T. P. Jarmon Company for the year ended December 31, 2018 Data Table T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets und to the ne 2017 2018 Cash $ $ Marketable securities Accounts receivable Inventory 15,000 6,000 42.000 51,000 1.200 13,900 6,100 33.000 83.280 1.100 Prepaid rent Total current assets $ 137,380 $ 115,200 $ 286,000 Net plant and equipment $ 269,600 $ 401,200 Total assets $ 406,980 Liabilities and Equity 2017 2018 Accounts payable $ $ m 2017 to 21 Accruals 48.000 6,000 15,000 69,000 57,200 5,200 12.900 Nots payable Total current liabilities $ $ 75,300 $ 160,000 $ 149,700 Long-term debt Common stockholders' equity Total liabilities and equity $ 181,980 $ 172 200 $401,200 $ 406,980 Print Done i Data Table he T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales $ 599,700 460,100 $ 139,600 Less cost of goods sold Gross profit Operating and interest expenses General and administrative Interest $ 30,100 10,200 30,000 Depreciation Total operating and interest expenses Earnings before taxes $ 70,300 $ 69,300 Taxes 27,720 17 td Net income available to common stockholders $ 41,580 31,800 Cash dividends $ 9.780 Change in retained earnings Print Done