Bell Corporation reports the following information: Net cash provided by operating activities $275,000 Average current liabilities...
Bell Corporation reports the following information: Net cash provided by operating activities $275,000 Average current liabilities 150,000 Average non-current liabilities 100,000 Cash dividends declared 60,000 Capital expenditures (for daily operations) 110,000 Payments of debt 35,000 Bell’s:
a) cash debt coverage is (expressed to 2 decimal places) : 1
b) current cash debt coverage is (expressed to 2 decimal places) : 1
c) free cash flow is $
Homework Answers
a) Cash debt coverage = Net cash provided by operating activities / Average total liabilities
= $275,000 / ($150,000 + $100,000)
= 1.1 : 1
b) Current cash debt coverage = Net cash provided by operating activities / Average current liabilities
= $275,000 / $150,000
= 1.83 : 1
c) Free cash flow = Net cash provided by operating activities - Capital expenditures
= $275,000 - $110,000
= $165,000
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Bell Corporation reports the following information: Net cash
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