Question: (Working with financial statements) Given the balance sheet, LOADING... , and income statement, LOADING... , for Knapp Inc.: a. How much is the firm's net
(Working with financial statements) Given the balance sheet, LOADING... , and income statement, LOADING... , 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. Question content area bottom Part 1 a. How much is the firm's net working capital and what is the debt ratio? The net working capital is $905905. (Round to the nearest dollar.) Part 2 The debt ratio is 34.434.4%. (Round to one decimal place.) Part 3 b. Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2018. Complete the common-sized income statement: (Round to one decimal place.) Common-sized income statement Sales $ 1,469 100.0 % Cost of goods sold 856 58.3 Gross profit $ 613 41.7 % Selling, general, and administrative expenses $ 50 3.4 % Depreciation 215 14.6 Operating income $ 348 23.7 % Interest expense 64 4.4 Net income before taxes $ 284 19.3 % Taxes (40%) 114 7.8 Net income $ 170 11.6 % Part 4 Complete the assets section of the common-sized balance sheet: (Round to one decimal
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