Most of the answers are free-response. I will list the ones that aren't free-response with their answer choices.

Statement #1, first blank is free-response. Second blank "which is____ than the industry..." (greater / less)

Statement #2, the blank is free-response.

Statement #3, both blanks are free-response.

Statement #4:

First blank is free-response.

Second blank, "value is computed as the..." (difference / product / sum).

Third blank, "working capital and its..." (long-term assets / short-term investments / cash balance).

If correct, I will make sure to thumbs up, thank you!

I've received a comment saying this is impossible to solve, however, I have shown the entire question. Is it really impossible to solve? Can someone else give it a try?

&H Corp. recently hired Jeffery. His immediate mandate was to analyze the company. He has to submit a report on the company's operational efficiency and estimate its potential investment in working capital. He has the income statement from last year and the following information from the company's financial reports as well as some industry averages Last year, J&H Corp. reported a book value of $800,000 in current assets, of which 25% is cash, 27% is short-term investments, and the rest is accounts receivable and inventory * The company reported $680,000 of current liabilities including accounts payable and accruals Interestingly, the company had no notes payable outstanding, and there were no changes in the company's accounts payable during the year The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $1,280,000 for its long-term assets last year Income Statement For the Year Ended on December 31 Industry Average J&H Corp $49,000,000 39,200,000 1,960,000 41,160,000 $7,840,000 784,000 $7,056,000 2,822,400 $4,233,600 $61,250,000 49,000,000 2,450,000 51,450,000 $9,800,000 1,470,000 $8,330,000 3,332,000 4,998,000 Net sales Operating costs, except depreciation and amortization Depreciation and amortization Total operating costs Operating income (or EBIT) Less: Interest expense Earnings before taxes (EBT) Less: Taxes (40%) Net income Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Complete the following statements in his report. Statement # 1: J&H Corp.'s NOPAT is of $5,880,000 which is than the industry average Statement #2: The company is using in net operating working capital (NOWC). Statement #3: J&H Corp. is generating in net cash flow from its operations and an accounting profit of Statement #4: The firm uses of total net operating capital to run the business. This value is computed as the of J&H Corp.'s net operating working capital and its