(Working with financial statements) Based on the balance sheet and income statement, for T P Jarmon Company for the year ended December 31, 2018 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 (Round to the nearest dollar) T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 Cash $ 15,000 14,100 Marketable securities 6,000 6,400 Accounts receivable 42,000 33,000 Inventory 51,000 1,200 83,720 1,200 Prepaid rent Total current assets $ 115,200 $ 138,420 Net plant and equipment $ 286,000 $ 269,600 $ 401,200 Total assets $ 408,020 Liabilities and Equity 2017 2018 Accounts payable $ 48,000 $ 57,200 Accruals 6,000 15,000 4,900 13,200 Notes payable $ Total current liabilities 69,000 $ 75,300 $ $ 160,000 $ 150,400 Long-term debt Common stockholders' equity $ 172,200 $ 182,320 $ 401,200 $ 408,020 Total liabilities and equity T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales $ 600,500 460,200 Less cost of goods sold Gross profit $ 140,300 Operating and interest expenses General and administrative $ 29,900 Interest 10,100 30,100 Depreciation $ 70,100 Total operating and interest expenses Earnings before taxes $ 70,200 28,080 Taxes Net income available to common stockholders $ 42,120 32,000 Cash dividends $ 10,120 Change in retained earnings