(Working with financial statements) Given the balance sheet, and income statement, ! for Knapp Inc. a. How much is the firm's net working capital and what is the debt ratio? b. Complete a common-sized income statement, a common-sized balance sheet and a statement of cash flows for 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) Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 Assets 2017 2018 Cash $ 200 $ 160 Accounts receivable 450 425 550 595 Inventory $ 1,200 $ 1,180 Current assets Plant and equipment $ 2,200 (1,000) $ 2,635 (1,206) Less accumulated depreciation Net plant and equipment $ 1,200 $ 1,429 $ 2,400 $ 2,609 Total assets Liabilities and Owners' Equity 2017 2018 Accounts payable $ 2do $ 150 Notes payable-current (9%) 0 137 Current liabilities $ 200 $ 287 Bonds $ 600 $ 600 Owners' equity Common stock $ 900 $ 900 700 822 Retained earnings Total owners' equity $ 1,600 $ 1,722 $ 2,400 $ 2,609 Total liabilities and owners' equity