Condensed financial data of Gorni Company appear below:

GORNI COMPANY Comparative Balance Sheet December 31
2017	2016
Assets
Cash	$70,000	$35,000
Accounts receivable	82,000	53,000
Inventories	120,000	132,000
Prepaid expenses	19,000	25,000
Investments	80,000	65,000
Plant assets	310,000	250,000
Accumulated depreciation	(65,000	)	(60,000	)
Total	$616,000		$500,000
Liabilities and Stockholder's Equity
Accounts payable	$85,000	$75,000
Accrued expenses payable	22,000	24,000
Bonds payable	130,000	150,000
Common stock	245,000	170,000
Retained earnings	134,000	81,000
Total	$616,000		$500,000

GORNI COMPANY Income Statement For the Year Ended December 31, 2017
Sales	$480,000
Less:
Cost of goods sold	$290,000
Operating expenses (exculding depreciation)	60,000
Depreciation expense	17,000
Income taxes	15,000
Interest expense	13,000
Loss on disposal of plant assets	8,000	403,000
Net income	$77,000

Additional information:
1.	New plant assets costing $85,000 were purchased for cash in 2017.
2.	Old plant assets costing $25,000 were sold for $5,000 cash when book value was $13,000.
3.	Bonds with a face value of $20,000 were converted into $20,000 of common stock.
4.	A cash dividend of $24,000 was declared and paid during the year.
5.	Accounts payable pertain to merchandise purchases.

Prepare a statement of cash flows for the year using the direct method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Compute the following cash based ratios.(Round answers to 2 decimal places, e.g. 15.25.)

Current cash debt coverage	times
Cash debt coverage	times