PLEASE PROVIDE WITH RATIOS NO NEED FOR CASH FLOW STATEMENT

Current Attempt in Progress

A comparative balance sheet for Cullumber Corporation is presented as follows.

		December 31
Assets		2017			2016
Cash		$ 109,200			$ 33,000
Accounts receivable		124,780			101,080
Inventories		271,780			285,580
Land		108,280			167,080
Equipment		391,780			302,080
Accumulated Depreciation-Equipment		(105,280)			(65,080)
Total		$900,540			$823,740
Liabilities and Stockholders' Equity
Accounts payable		$ 52,780			$ 72,580
Bonds payable		225,000			300,000
Common stock ($1 par)		321,000			246,000
Retained earnings		301,760			205,160
Total		$900,540			$823,740

Additional information:

1.		Net income for 2017 was $191,060.
2.		Cash dividends of $94,460 were declared and paid.
3.		Bonds payable amounting to $75,000 were retired through issuance of common stock.
4.		Land was sold for cost.
5.		Equipment was purchased but no equipment was sold.

(b)

Determine Cullumber Corporations current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places., e.g. 0.67.)

Current cash debt coverage ratio		enter the ratio rounded to 2 decimal places	:1
Cash debt coverage ratio		enter the ratio rounded to 2 decimal places	:1
Free cash flow		$enter a dollar amount

Comment on its liquidity and financial flexibility.

Cullumber has select an option

liquidity. Its financial flexibility is select an option

.

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