Question
Corporation reports the following information: Net cash provided by operating activities.. $285,000 Average current liabilities......................... 150,000 Average long-term liabilities..................... 100,000 Dividends declared.................................... 60,000 Capital expenditures.
Corporation reports the following information:
Net cash provided by operating activities.. $285,000
Average current liabilities......................... 150,000
Average long-term liabilities..................... 100,000
Dividends declared.................................... 60,000
Capital expenditures. ................................ 110,000
Payments of debt....................................... 35,000
Instructions (show formula & calculation)
Calculate the following:
- Current Cash Debt Coverage ratio
b) Cash Debt Coverage Ratio
c) Free Cash Flow
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
