(Working with financial statements) Based on the balance sheet, and income statement for T. P. Ja 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. a. How much is the firm's net working capital and what is the debt ratio? The net working capital is $ 61480. (Round to the nearest dollar) 0 Dat The debt ratio is 55.2 %. (Round to one decimal place.) T. P. Ja b. Complete a statement of cash flows for the period. Complete the operating activities part of the statement of cash flows: (Round to the nearest dollag Sales Less co Gross P Operatit Gen Inten Depr 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 AJP) Decrease in accruals Net cash provided by operating activities Total ope Earnings Taxes Net incor Cash divi Change is 3 of 7 (4 complete) . for T. P. Jarmon Company for the year ended December 31, 2018: i Data Table T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales llal $ 599,600 459,800 $ 139,800 $ 30,200 Less cost of goods sold Gross profit Operating and interest expenses General and administrative Interest Depreciation Total operating and interest expenses Earnings before taxes 10,100 30,200 $ 70,500 $ 69,300 27,720 Taxes Net income available to common stockholders $ 41,580 31,700 Cash dividends Change in retained earnings $ 9,880 Print Done ¢erwin-yes Victe 3 of 7 (4 complete) year ende Data Table ve values T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 Cash $ 15,000 $ 13,900 Marketable securities 6,000 6,100 Accounts receivable 42,000 33,100 Inventory 51,000 82.480 Prepaid rent 1,200 1,200 Total current assets $ 115,200 $ 136,780 Net plant and equipment $ 286,000 $ 270,100 Total assets $ 401.200 $ 406,880 Liabilities and Equity 2017 2018 Accounts payable $ 48,000 $ 57.100 Accruals 6,000 5,100 Notes payable 15,000 13,100 Total current liabilities $ 69,000 $ 75,300 Long-term debt $ 160,000 $ 149,500 Common stockholders' equity $ 172,200 $ 182.080 Total liabilities and equity $ 401.200 $ 406,880 Print Done