Complete a statement of cash flows for the period
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Complete a statement of cash flows for the period

Question 1

(Working with financial statements) Based on the information for the T. P. Jarmon Company for the year ended December 31, 2015:

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 2014 to 2015. What do you learn about T. P. Jarmon from these computations? How do these numbers relate to the statement of cash flows? 


Hint
Accounts and FinanceThe debt ratio measures the extent of a firm’s leverage: it is the ratio of total debt to total assets, expressed as a %. In other words, it is the fraction of a firm’s assets that are financed by debts. A ratio that is greater than 1 indicates that a significant share of debt is funded by assets. Higher ratios denote that companies are putting themselves at risks of defau...
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