Ratio Problem Financial statements for XYZ Company are presented below: XYZ Company Balance Sheet December 31, 2020 Liabilities & Stockholders' Equity Accounts payable $ 63,000 Bonds payable 50,000 Assets Cash Accounts receivable Buildings and equipment Accumulated depreciation buildings and equipment Patents $83,000 35,000 150,000 (50,000) 20. $238,000 Common stock Retained earnings 65,000 60,000 $238,000 $100,000 XYZ Company Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable $(16.000) Increase in accounts payable 8000 Depreciation--buildings and equipment 15,000 Gain on sale of equipment (6,000) Amortization of patents 2,000 Net cash provided by operating activities Cash flows from investing activities Sale of equipment 24.000 Purchase of land (20,000) Purchase of buildings and equipment {47,000 | Net cash used by investing activities Cash flows from financing activities Payment of cash dividend _{5.000) Sale of bonds 50,000 Net cash provided by financing activities Net increase in cash Cash. January 1, 2020 Cash, December 31, 2020 3,000 103.000 43,000) 45,000 105,000 23,000 $128.000 At the beginning of 2020. Accounts Payable amounted to $70.000 and Bonds Payable was $220,000. Net cash provided by financing activities Net increase in cash Cash, January 1, 2020 Cash, December 31, 2020 45.000 105.000 73.009 5128000 At the beginning of 2020, Accounts Payable amounted to $70,000 and Bonds Payable was $220.000 Instructions. Based on the above Balance Sheet and Cash Flow Statement, calculate the following: a. Current cash debt coverage ratio b. Cash debt coverage ratio C. Free cash flow d. Briefly interpret your findings for each ratio. Make sure to show ALL work! I NOTE: This is a manual problem. Complete the problem in Excel, Word, or on paper and take a picture of the wor mail your answers