ANSWERS TO QUESTIONS

= Net cash provided by operating activities Average current liabilities = $132,000 ($34,000 + $47,000) / 2 = 3.26 to 1 Cash debt coverage ratio = Free Cash Flow Analysis Net cash provided by operating activities $132,000 Less: Purchase of equipment (60,000) Dividends (60,000) Free cash flow $ 12,000 ................
................