A comparative balance sheet for Stellar Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,750 83,910 Accounts receivable 181,910 72,910 261,910 (70,910) $602,480 $ 22,000 68,160 191,160 112,160 202,160 (44,160 ) $551,480 Inventory Land Equipment Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $ 35,910 150,000 $ 49,160 200,000 214,000 164,000 202,570 138,320 Total $602,480 $551,480 Additional information: 1. 2. Net income for 2020 was $128,820. No gains or losses were recorded in 2020. Cash dividends of $64,570 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock. 3. STELLAR CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $ Issued common stock to retire $ of bonds outstanding Determine Stellar 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 Cash debt coverage :1 Free cash flow $ Comment on its liquidity and financial flexibility. Stellar has liquidity. Its financial flexibility is