Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions).
Net sales |
|
$326.7 |
Current liabilities, beginning of year |
|
41.1 |
Current liabilities, end of year |
|
62.4 |
Net cash provided by operating activities |
|
10.4 |
Total liabilities, beginning of year |
|
65.2 |
Total liabilities, end of year |
|
73.2 |
Capital expenditures |
|
3.7 |
Cash dividends |
|
6.2 |
Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results.
Current cash debt coverage ratio |
|
![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
times |
Cash debt coverage ratio |
|
![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
times |
Free Cash Flow |