(Working with financial statements) Given the balancesheet,

, and incomestatement,

, for PamplinInc.:

a. How much is thefirm's net working capital and what is the debtratio?

b. do common-sized incomestatement, acommon-sized balancesheet, and a statement of cash flows for

2015.

a. How much is thefirm's net working capital and what is the debtratio?

The net working capital is $

nothing

Uprint-out. Pamplin Inc. Balance Sheet at 12/31/2014 and 12/31/2015 Assets 2014 2015

Cash 200 $ 152 $ Accounts receivable 450 415 Inventory 550 629 Current assets 1,200 $ 1,196 $ Plant and equipment 2,200 $ 2,625 $ Less accumulated depreciation (1,000) (1,214) Net plant and equipment 1,200 $ 1,411 $ Total assets 2,400 $ 2,607 $ Liabilities and Owners' Equity 2014 2015 Accounts payable 200 $ 150 $ Notes payable-current (9%) 0 138 Current liabilities 200 $ 288 $ Bonds 600 $ 600 $ Owners' equity Common stock 900 $ 900 $ Retained earnings 700 819 Total owners' equity 1,600 $ 1,719 $ Total liabilities and owners' equity 2,400 $ 2,607 $

Pamplin Inc. Income Statement for Years Ended 12/31/2014 and 12/31/2015 2014 2015 Sales $1,200 $1,466 Cost of goods sold 700 851 Gross profit $500 $615 Selling, general and administrative expenses $30 $43 Depreciation 220 250 214 257 Operating income $250 $358 Interest expense 50 62 Net income before taxes $200 $296 Taxes (40%) 80 118 Net income $120 $178