Based on the information 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. Interpret your results.
c. Compute the changes in the balance sheets from 2017 to 2018. What do you learn about T. P. Jarmon from these computations? How do these numbers relate to the statement of cash flows?
T. P. Jarmon Company Balance Sheet for Dec. 31, 2017 and Dec. 31, 2018
T. P. Jarmon Company Income Statement for the Year Ended Dec. 31, 2018