Headland Inc. had the following balance sheet at December 31, 2019.

HEADLAND INC. BALANCE SHEET DECEMBER 31, 2019
Cash		$24,430		Accounts payable		$34,430
Accounts receivable		25,630		Notes payable (long-term)		45,430
Investments		36,430		Common stock		104,430
Plant assets (net)		81,000		Retained earnings		27,630
Land		44,430				$211,920
		$211,920

During 2020, the following occurred.

1.		Headland Inc. sold part of its debt investment portfolio for $18,171. This transaction resulted in a gain of $6,571 for the firm. The company classifies these investments as available-for-sale.
2.		A tract of land was purchased for $17,430 cash.
3.		Long-term notes payable in the amount of $19,171 were retired before maturity by paying $19,171 cash.
4.		An additional $23,171 in common stock was issued at par.
5.		Dividends of $11,371 were declared and paid to stockholders.
6.		Net income for 2020 was $36,430 after allowing for depreciation of $14,171.
7.		Land was purchased through the issuance of $39,430 in bonds.
8.		At December 31, 2020, Cash was $41,430, Accounts Receivable was $46,030, and Accounts Payable remained at $34,430.

(a)

(b)

(c)

Your answer is incorrect.

Compute two cash flow ratios. (Round ratios to 2 decimal places, e.g. 0.62.) Please can you help me calculate the ratios? Thank you.

Current cash debt coverage ratio			:1
Cash debt coverage ratio			:1