Selected data taken from a recent year’s financial statements of trading card company Topps Company, Inc. are as follows (in millions).

Compute these ratios:

(a) current cash debt coverage ratio,

(b) cash debt coverage ratio, and

(c) free cash flow. Provide a brief interpretation of your results.

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Net sales $326.7 Current liabilities, beginning of year 41.1 Current liabilities, end of year 62.4 Net cash provided by operating activities 10.4 Total liabilities, beginning of year 65.2 Total liabilities, end of year 73.2 Capital expenditures 3.7 Cash dividends 6.2