Brief Exercise 11-32 Analyzing the Statement of Cash Flows Manning Company reported the following Information for 2019: cash provided by operating activities, $425,000; cash used by investing activities, $200,000; average debt maturing over the next 5 years, $80,000; capital expenditures, $275,000; cash dividends, $60,000. Required: Compute free cash flow and the cash flow adequacy ratio. (Note: Round ratios to two decimal places.) Free cash flow Cash flow adequacy ratio