Ascend Communications, Inc. reported the following financial data in its 1996 annual report: net income \(\$ 113\) million; cash and cash equivalents \(\$ 214\) million; total expenses (not including depreciation) \(\$ 256\) million; net cash provided by operating activities \(\$ 55\) million; dividends paid, zero; and capital expenditures \(\$ 39\) million. Compute and comment on the following two measures of cash adequacy: (1) cash to daily cash expenses ratio and (2) free cash flow.