Space Galaxy Ltd.

Statement of Financial Position

December 31, 2018

Assets

Cash 4,000.00

Accounts receivable 39,000.00

Buildings and equipment 154,000.00

Accumulated depreciationbuildings and equipment (46,000.00) Patents 24,000.00

$215,000

Liabilities & Shareholders' Equity

Accounts payable $28,000

Bonds payable 54,000

Common shares69,000

Retained earnings64,000

$215,000

Space Galaxy Ltd.

Statement of Cash Flows

For the Year Ended December 31, 2018

Cash flows from operating activities

Net Income$60,000

Adjustments to reconcile net income to net cashprovided by operating activities:

Increase in accounts receivable $(19,000)

Increase in accounts payable7,000

Depreciationbuildings and equipment12,000

Gain on sale of equipment(7,000)

Amortization of patents3,000 (4,000)

Net cash provided by operating activities 56,000

Cash flows from investing activities

Sale of equipment14,000

Purchase of land(27,000)

Purchase of buildings and equipment(52,000)

Net cash used by investing activities (65,000)

Cash flows from financing activities

Payment of cash dividend(25,000)

Sale of bonds45,000

Net cash provided by financing activities 20,000

Net increase in cash11,000

Cash, January 1, 201833,000

Cash, December 31, 2018 $ 44,000

At the beginning of 2018, the accounts payable balance was $21,000, and the bonds payable balance was $9,000. All of Space Galaxy's bonds have been issued at par.

What is the current cash debt coverage ratio?

What is the cash debt coverage ratio?

What is the free cash flow?