Brief Exercise 11-32 (Algorithmic) Analyzing the Statement of Cash Flows Manning Company reported the following information for 2019: cash provided by operating activities, $649,100; cash used by investing activities, $259,600; average debt maturing over the next 5 years, $90,900; capital expenditures, $227,200; cash dividends, $102,000. Required: Compute free cash flow and the cash flow adequacy ratio. (Note: Round the ratio to two decimal places.) Free cash flow Cash flow adequacy ratio