Concord Corp.'s income statement for the year ended December 31, 2020, had the following condensed information:

Service revenue                                                                                  $767,500 

Operating expenses (excluding depreciation)       $490,000 

Depreciation expense                                                    64,000 

Unrealized loss on FVNI investments                             4,500 

Loss on sale of equipment                                              11,000          569,500 

Income before income taxes                                                                 198,000 

Income tax expense                                                                                   55,000 

Net income                                                                                                $143,000

There were no purchases or sales of trading (FV-NI) investments during 2020.

Concords statement of financial position included the following comparative data at December 31:

 Prepare the operating activities section of the statement of cash flows using the direct method.

Assume that Concord Corp.'s current cash debt coverage ratio in 2019 was 4.5. Calculate the company's current cash debt coverage ratio in 2020.

2020 2019 FV-NI investments $21,900 $26,400 Accounts receivable 34,700 S54,100 Accounts payable Income tax payable 45,900 32,000 6,400 8,600