Given the information on page 90 for Pamplin 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 2012. Interpret your results.

Pamplin Inc. Balance Sheet at 12/31/2011 and 12/31/2012 ASSETS Cash Accounts recelvable Inventory Current assets Plant and equipment 2011 S 200 450 550 $1200 $2,200 (1,000) 1,200 2,400 2012 150 425 625 $1,200 $2,600 (1,200) $1,400 $2,600 Less accumulated depreclation Net plant and equipment Total assets LIABILITIES AND OWNERS EQUITY 2011 2012 Accounts payable Notes payable-current (9%) Current liabilities Bonds Owners' equity 5 200 S 150 S 300 s 200 S 600 600 S 900 $1700 Common stock 900 Retained earnings Total owners' equity Total llabilities and owners' equity $1,600 2.400 $2,600