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Working with financial statements) Based on the balance sheet. I. and income statement, E. 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 networking capital is $ 62740. (Round to the nearest dollar.) The debt ratio is 55.2 %. (Round to one decimal place.) T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 Cash $ 15,000 $ 13,800 Marketable securities 6,000 6,000 33,200 Accounts receivable 42,000 Inventory 51,000 1,200 84,040 1,000 Prepaid rent Total current assets $ 115,200 $ 138,040 Net plant and equipment $ 286,000 $ 269,800 Total assets $ 401,200 $ 407,840 Liabilities and Equity 2017 2018 $ 48,000 $ 57,200 Accounts payable Accruals 6,000 15,000 4,900 13,200 Notes payable Marketable securities 6,000 6,000 01 Accounts receivable Eis Inventory 42,000 51,000 1,200 33,200 84,040 1,000 are Prepaid rent Total current assets $ 115,200 $ 138,040 $ 286,000 Net plant and equipment $ 269,800 $ 401,200 $ 407,840 Total assets Liabilities and Equity 2017 2018 Accounts payable $ $ $ Accruals 48,000 6,000 15,000 57,200 I 4,900 13,200 Notes payable $ 69,000 $ 75,300 Total current liabilities $ 160,000 $ 149,700 Long-term debt Common stockholders' equity $ 172,200 $ 182,840 Total liabilities and equity $ 401,200 $ 407,840 T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales $ 600,400 459,600 $ 140,800 Less cost of goods sold Gross profit Operating and interest expenses General and administrative $ 30,200 Interest 10,100 30,100 Depreciation $ 70,400 Total operating and interest expenses Earnings before taxes $ 70,400 28,160 Taxes Net income available to common stockholders $ 42,240 31,600 Cash dividends $ 10,640 Change in retained earnings b. Complete a statement of cash flows for the period. Complete the operating activities part of the statement of cash flows: (Round to the nearest Statement of Cash Flows Cash flows from Operating Activities Net income $ 42,240 Adjustments Depreciation Increase in marketable securities $ 30,100 0 Decrease in accounts receivable 8,800 200 Prepaid expenses Increase in inventories (less A/P) (23,840) Decrease in accruals (1.100) Net cash provided by operating activities 56,400 Complete the investing activities part of the statement of cash flows: (Round to the nearest Intar ammumhor in the odit fioldo and then click Chook Anomor b. Complete a statement of cash flows for the period. c. Compute the changes in the balance sheets from 2017 to 2018. Decrease in accounts receivable 8,800 Prepaid expenses 200 Increase in inventories (less A/P) (23,840) Decrease in accruals (1.100) Net cash provided by operating activities 56,400 Complete the investing activities part of the statement of cash flows: (Round to the nearest dollar. N Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross plant and equipment (13,900) Net cash provided (consumed) by investing activities (13,900) Complete the financing activities part of the statement of cash flows: (Round to the nearest dollar. N Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities Decrease in notes navable Complete the financing activities part of the statement of cash flow (Round to the nearest dollie, NOTE Input cash inflows as positive values and cash outflows as negative Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities Decro in naton payable Decrease in debt Dividends Nutcash provided by financing activities Not once in a Cash January 1, 2018 Cash December 31, 2018 Enter any number in the edit field and then click Check