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Exercise 22-12 Bramble Corp.'s income statement for the year ended December 31, 2020, had the following condensed information: Service revenue $770,400 Operating expenses (excluding depreciation)

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Exercise 22-12 Bramble Corp.'s income statement for the year ended December 31, 2020, had the following condensed information: Service revenue $770,400 Operating expenses (excluding depreciation) $491,000 Depreciation expense 64,000 Unrealized loss on FV.NI investments 4.500 Loss on sale of equipment 12,000 572,400 Income before income taxes 198,000 Income tax expense 51.000 Net Income 517/000 There were no purchases or sales of trading (FV.NI) Investments during 2020. Bramble's statement of financial position included the following comparative data at December 31: FV-NI investments Accounts receivable Accounts payable Income tax payable 2020 2019 $21.900 $26.400 34,700 54,100 45,900 32.000 6,400 8,600 Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a parenthesis e.o. (15,000).) sign e.g.-15,000 or in Bramble Corp. Partial Statement of Cash Flows (Direct Method) LINK TO TEXT LINK TO TEXT Assume that Bramble Corp.'s current cash debt coverage ratio in 2019 was 4.5. Calculate the company's current cash debt coverage ratio in 2020. (Round answer to 1 decimal places, e.. 7.5.) Cash Debt Coverage Ratio times

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