Kindly help me with the part d question.
,.1 Preparing a statement of Cash Flows (Indirect Method) Rainbow Cumpany's income scalernent and comparative balance sheets follow RAINBOW COMPANY Income Statement For Year Ended December 31, 2016 Sales Driver 30.000 Total Revenue 1.530.000 Cost of Goods Sold 5833300 Viages and other Operating Fxpenses 750,000 Depreciation Exnense 38.01103 7. Patent martuzator pense 14.00 Interest Experts 26.000 Income Tax Experte 38.000 Loss on Sale of Ecujemen 10.000 Gain on Sale atrocents (5.any 1.350,000 Nel nome SIR.CO RAINBOW COMPANY Balance Sheets December 31, 2016 December 31, 2015 Assets Cassandrash quvons $48.000 $50.00 $500 1 Accounts Rareivable 20,000 60001 Inetary 200,000 Preuail Experts 20,000 12003 Long-Term Investiti 112003 Land 380,000 200033 Rudies 870,000 7000 Accumud Depreciation-Buldings (182.C.CO 1150,000 Equipment 399,000 40003 Pucumulated depreciat on quiet (94,000! 192,000 Palerts 100,000 64093 Toral Assets $1.516,000 $.562003 Liabilities and Stockholders Equity ructunts Payablu $50,000 $32003 Interest Payale 12.000 10000 Income Tax Payable 16.000 20003 Rocs Payable 310,000 7:00 Pret med Sock (5100 par van 200.000 150,033 Commen Stocks par valuat 799,000 128.00 Paid ni cap al in excess of pe value Loiron 200,000 248.000 Relare cerings 204,000 124003 Toral Liabilties and Stockholders' quity $1.816,000 $562003 1:4 G During 2016, the following transactions and events occurred: 1 Sold long-term investments costing $114,000 for $120,000 cash. 2 Purchased land for cash. 3 Capitalized an expenditure made to improve the building. 4 Sold equipment for $28,000 cash that originally cost $92,000 and had $54,000 accumulated depreciation. 5 Issued bonds payable at face value for cash. 6 Acquired a patent with a fair value of $50,000 by issuing 500 shares of preferred stock at par value. 7 Declared and paid a $100,000 cash dividend. 8 Issued 6,000 shares of common stock for cash at $8 per share. 9 Recorded depreciation of $32,000 on buildings and $46,000 on equipment. part a. part b. part c. part d. d. Compute its (1) operating cash flow to current liabilities ratio, (2) operating cash flow to capital expenditures ratio, and (3) free cash flow. Round your answers to (1) and (2) to two decimal places. (1) Operating cash flow to current liabilities ratio (2) Operating cash flow to capital expenditures ratio (3) Free cash flow $ ,.1 Preparing a statement of Cash Flows (Indirect Method) Rainbow Cumpany's income scalernent and comparative balance sheets follow RAINBOW COMPANY Income Statement For Year Ended December 31, 2016 Sales Driver 30.000 Total Revenue 1.530.000 Cost of Goods Sold 5833300 Viages and other Operating Fxpenses 750,000 Depreciation Exnense 38.01103 7. Patent martuzator pense 14.00 Interest Experts 26.000 Income Tax Experte 38.000 Loss on Sale of Ecujemen 10.000 Gain on Sale atrocents (5.any 1.350,000 Nel nome SIR.CO RAINBOW COMPANY Balance Sheets December 31, 2016 December 31, 2015 Assets Cassandrash quvons $48.000 $50.00 $500 1 Accounts Rareivable 20,000 60001 Inetary 200,000 Preuail Experts 20,000 12003 Long-Term Investiti 112003 Land 380,000 200033 Rudies 870,000 7000 Accumud Depreciation-Buldings (182.C.CO 1150,000 Equipment 399,000 40003 Pucumulated depreciat on quiet (94,000! 192,000 Palerts 100,000 64093 Toral Assets $1.516,000 $.562003 Liabilities and Stockholders Equity ructunts Payablu $50,000 $32003 Interest Payale 12.000 10000 Income Tax Payable 16.000 20003 Rocs Payable 310,000 7:00 Pret med Sock (5100 par van 200.000 150,033 Commen Stocks par valuat 799,000 128.00 Paid ni cap al in excess of pe value Loiron 200,000 248.000 Relare cerings 204,000 124003 Toral Liabilties and Stockholders' quity $1.816,000 $562003 1:4 G During 2016, the following transactions and events occurred: 1 Sold long-term investments costing $114,000 for $120,000 cash. 2 Purchased land for cash. 3 Capitalized an expenditure made to improve the building. 4 Sold equipment for $28,000 cash that originally cost $92,000 and had $54,000 accumulated depreciation. 5 Issued bonds payable at face value for cash. 6 Acquired a patent with a fair value of $50,000 by issuing 500 shares of preferred stock at par value. 7 Declared and paid a $100,000 cash dividend. 8 Issued 6,000 shares of common stock for cash at $8 per share. 9 Recorded depreciation of $32,000 on buildings and $46,000 on equipment. part a. part b. part c. part d. d. Compute its (1) operating cash flow to current liabilities ratio, (2) operating cash flow to capital expenditures ratio, and (3) free cash flow. Round your answers to (1) and (2) to two decimal places. (1) Operating cash flow to current liabilities ratio (2) Operating cash flow to capital expenditures ratio (3) Free cash flow $
