Solution-Compute current cash debt coverage ratio

Compute current cash debt coverage ratio

Reference no: EM13548732

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			times
Cash debt coverage ratio			times
Free Cash Flow

Reference no: EM13548732

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Compute current cash debt coverage ratio

Reference no: EM13548732

Reference no: EM13548732

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