(Working with financial statements) Based on the balance sheet, E, 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 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. Data Table T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 Cash $ 15,000 14,000 Marketable securities 6,000 6,300 Accounts receivable 42,000 33,000 Inventory 51,000 83,460 Prepaid rent 1,200 1,000 Total current assets $ 115,200 $ 137,760 Net plant and equipment $ 286,000 $ 270,000 Total assets $ 401,200 $ 407,760 Liabilities and Equity 2017 2018 $ 48,000 6,000 15,000 $ 57,200 4,900 13,200 $ 69,000 $ 75,300 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stockholders' equity Total liabilities and equity $ 160,000 $ 150,100 $ 172,200 $ 182,360 $ 401,200 $ 407,760 Data Table $ 600,100 460,500 $ 139,600 T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales Less cost of goods sold Gross profit Operating and interest expenses General and administrative $ 30,000 Interest 10,100 Depreciation 29,900 Total operating and interest expenses Earnings before taxes Taxes Net income available to common stockholders Cash dividends $ 70,000 $ 69,600 27,840 $ 41,760 31,600 Change in retained earnings $ 10,160 Print Done