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Cornerstone Exercise 11-22 (Algorithmic) Analyzing the Statement of Cash Flows Rollins Inc. is considering expanding its operations into different regions of the country, however this

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Cornerstone Exercise 11-22 (Algorithmic) Analyzing the Statement of Cash Flows Rollins Inc. is considering expanding its operations into different regions of the country, however this expansion will require significant cash flow as well as additional financing. Rollins reported the following information for 2019: cash provided by operating activities, $412,400; cash provided by investing activities, $108,700; average debt maturing over the next 5 years, $345,500; capital expenditures, $270,130; cash dividends, $40,000. Required: Compute free cash flow and the cash flow adequacy ratio. Round ratio to two decimal places Free cash flow Cash flow adequacy ratio

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