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I just need help with the last screenshot on Current cash debt coverage ratio and free cash flow. CORONADO INC. Statement of Cash Flows For
I just need help with the last screenshot on Current cash debt coverage ratio and free cash flow.
CORONADO INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 39,780 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 16,780 Loss on Sale of Investments 9,780 Increase in Accounts Payable 10000 Increase in Accounts Receivable -20800 15760 Net Cash Provided by Operating Activities v 55540 Cash Flows from Investing Activities Sale of Investments 22220 Purchase of Land -42,780 Net Cash Used by Investing Activities -20560 Cash Flows from Financing Activities Issuance of Common Stock 30,000 Payment of Cash Dividends -14780 Net Cash Provided by Financing Activities v 15220 Net Increase in Cash 50200 Cash at Beginning of Year 24,780 Cash at End of Year $ 74980 Assets Cash $ 74980 Accounts Receivable 46,780 Plant Assets 69000 Land 122340 $ 313100 Liabilities and Stockholders' Equity Accounts Payable $ 44,780 Retained Earnings 52980 Bonds Payable 80560 Common Stock 134780 $ 313100 (c) Your answer is incorrect. Compute Coronado's free cash flow and current cash debt coverage for 2020. (Round current cash debt coverage to 2 decimal places, e.g. 0.56. Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ Current cash debt coverage :1 e Textbook and Media Save for Later Attempts: unlimited SubmitStep by Step Solution
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