need detailed steps and calculations

The comparative statement of financial position of Bramble Inc. as at June 30, 2020, and a statement of comprehensive income for the 2020 fiscal year follow: BRAMBLE INC. Statement of Financial Position June 30, 2020 December 31 Assets 2020 2019 Cash $ 20,000 $ 39,000 Accounts receivable 86.100 71,700 Inventory 103,700 101.600 Prepaid expenses 2,900 6,500 FV-OCl investments 47,600 44,100 Equipment 180,000 160,000 Accumulated depreciation-equipment (34,100) (23,100) Total $ 406,200 $ 399,800 Liabilities and Shareholders' Equity Accounts payable $ 113,000 $ 100,000 Income tax payable 1,800 3,300 Dividends payable 5,200 0 Long-term notes payable 88,600 120,500 Common shares 31,100 22.800 Retained earnings 155,600 144,500 Accumulated other comprehensive income 10,900 8,700 Total $ 406,200 $ 399,800 BRAMBLE INC. Statement of Comprehensive Income For the Year Ended June 30, 2020 Net sales $340,000 Cost of goods sold 180,000 Gross profit 160,000 Operating expenses 120,500 Income from operations 39,500 Interest expense 8.800 Income before income tax 30,700 Income tax 6,400 Net income 24,300 Other comprehensive income Unrealized gain or loss-OCI 2,200 Comprehensive income $ 26,500 Additional information: 1. Bramble follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows. 2. 3. Operating expenses include $9,700 in depreciation expense. There were no disposals of equipment during the year. Common shares were issued for cash. 4. 5. During the year, Bramble acquired $8,300 of equipment in exchange for long-term notes payable. The statement of cash flows for the year ended December 31, 2020 follows: BRAMBLE INC. Statement of Cash Flows For the Year Ended June 30, 2020 Cash Flows from Operating Activities Net Income / (Loss) $24,300 Adjustments to reconcile net income Net Cash Provided by Operating Activities Depreciation Expense $9,700 Increase in Accounts Receivable -14.400 Increase in Inventory 2,100 Decrease in Prepaid Expenses 3,600 Increase in Accounts Payable 13,000 Decrease in Income Taxes Payable - 1,500 12,500 Net Cash Provided by Operating Activities 36.800 Cash Flows from Investing Activities Purchase of Equipment - 11,700 Net Cash used in Investing Activities -11,700 Cash Flows from Financing Activities Payment of Cash Dividends -8.000 Repayment of Notes Payable -40,200 Issuance of Common Shares 8,300 Net Cash used in Financing Activities -39,900 Net Decrease in Cash -14,800 Cash at Beginning of Year 39,000 Cash at End of Year $24,200 Calculate the current and acid-test ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Current ratio :1 :1 Acid test ratio :1 :1 e Textbook and Media Calculate Bramble's current cash debt coverage ratio for 2020. (Round answer to 2 decimal places, e.g. 52.75.) Current cash debt coverage :1 e Textbook and Media Calculate Bramble's cash debt coverage ratio for 2020. (Round answer to 2 decimal places, e.g. 52.75.) Current cash debt coverage :1 e Textbook and Media Calculate Bramble's times interest earned ratio for 2020. (Round answer to 2 decimal places, e.g. 52.75.) Times interest earned times e Textbook and Media