A comparative balance sheet for Shamrock Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,660 $ 22,000 Accounts receivable 83,490 67.830 Inventory 181,490 190,830 Land 72,490 111,830 Equipment 261,490 201,830 Accumulated Depreciation-Equipment (70.490 (43,830) Total $601,130 $550,490 Liabilities and Stockholders' Equity Accounts payable $ 35,490 $ 48,830 Bonds payable 150,000 200,000 Common stock ($1 par) 214.000 164,000 Retained earnings 201,640 137,660 Total $601,130 $550,490 Additional information: 1. Net income for 2020 was $127.980. No gains or losses were recorded in 2020. 2. Cash dividends of $64,000 were declared and paid. 3. Bands payable amounting to $50,000 were retired through issuance of common stock 5) Your Answer Correct Answer * Your answer is incorrect. Determine Shamrock Corporation's current cash debt coverage, cash debt coverage, and free cash flow. (Rou coverage and cash debt coverage to 2 decimal places, eg, 0.67.) Current cash debt coverage 16 :1 Cash debt coverage 16 Free cash flow $ Comment on its liquidity and financial flexibility, Shamrock has liquidity. Its financial flexibility is e Textbook and Media