Given the information below for Pamplin Inc.,:

a. How much is the firm's net working capital, and what is the debt ratio for 2014 and 2015?

b. Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2015. Interpret your results.

Pamplin, Inc. Balance Sheet at 12/31/2014 and 12/31/2015

Assets Cash Accounts recevable Inventory Current assets 2014 $ 200 450 2015 150 425 625 $1.200 $1,200 2015 $2,600 (1,200) 2014 Plant and equipment Less accumulated depreciation Net plant and equipment Total assets (1,000) Liabilities and Owners' Equity 2014 2015 200 Accounts payable Notes payable-current (9%) Current liabilities Bonds Owners' equity s 150 Common stock 900 900 Retained earnings Total owners equity Total liabilities and owners' equity 2014 1,200 700 $500 2015 $1,450 Sales Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation expense Operating income Interest expense Net income before taxes Taxes (40%) Net income S 600 220 250 250 200 240 360 64 296 118 178 s 200 120