Jia Inc. applies ASPE and had the following statement of financial position at the end of operations for 2013: During 2014, the following occurred: 1. Jia Inc. sold some of its fair value - net income investment portfolio for $19,000. This transaction resulted in a gain of $3,400 for the firm. At December 31,2014 , the remaining fair value-net income investments in the portfolio had fair value of $16,400 and original cost of $13,000. No investments were purchased in 2014 . 2. A tract of land was purchased for $18,000 cash. 3. Long-term notes payable in the amount of $17,000 were retired before maturity by paying $17,000 cash. 4. Additional $26,000 in common shares were issued. 5. Dividends totalling $9,200 were declared and paid to shareholders. 6. Net income for 2013 was $32,000 after allowing for depreciation of $12,000. 7. Land was purchased through the issuance of $30,000 in bonds. 8. At December 31,2014 , cash was $41,000; accounts receivable was $41,600; and accounts payable remained at $30,000. Instructions d) Calculate the following ratios: 1. Free cash flow 2. Current cash debt coverage ratio 3. Cash debt coverage ratio