A comparative balance sheet for Larkspur Corporation is presented as follows. December 31 Assets 2020 2019 Cash $72,810 $22,000 Accounts receivable 83,460 67,650 190,650 181,460 Inventory Land 111,650 72,460 201,650 Equipment 261,460 Accumulated Depreciation-Equipment (70,460) (43,650) $601,190 $549,950 Total Liabilities and Stockholders' Equity $48,650 Accounts payable $35,460 Bonds payable 150,000 200,000 Common stock ($1 par) 164,000 214,000 Retained earnings 137,300 201,730 $601,190 $549,950 Total Additional information: Net income for 2020 was $127,920. No gains or losses were recorded in 2020. 1. Cash dividends of $63,490 were declared and paid. 2. Bonds payable amounting to $50,000 were retired through issuance of common stock. 3. Your answer is partially correct. Determine Larkspur Corporation's current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places, e.g. 0.67.) Current cash debt coverage :1 Cash debt coverage :1 Free cash flow $ Comment on its liquidity and financial flexibility Larkspur has liquidity. Its financial flexibility is good excellent