Question: ( Working with an income statement and balance sheet ) Prepare an income statement and a balance sheet from the scrambled list of items in

(Working with an income statement and balance sheet) Prepare an income statement and a balance sheet from the scrambled list of items in the popup window. What is the firm's net working capital and debt ratio?

Complete an income statement below. (Round to the nearest dollar.

NOTE: You may input expense accounts as negative values.)

Create a balance sheet below.(Round to the nearest dollar.)

The net working capital is $ ______. (Round to the nearest dollar.)

The debt ratio is ___%. (Round to one decimal place.)

Choose from any list or enter any number in the input fields and then continue to the next question.

Sales 550,975

Accumulated depreciation 190,766

Cash ?

Cost of goods sold 320,591

Accounts receivable 72,973

Depreciation expenses 37,418

Accounts payable 64,780

Interest expense 25,407

Short-term notes payable 29,727

Income taxes 60,176

Inventories 47,707

Marketing, general, and administrative expenses 45,900

Gross fixed assets 647,915

Long-Term debt 360,237

Common stock 120,857

Other assets 15,064

Retained earnings 138,380

In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year.

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