Selected data taken from the 2006 financial statements of trading card company Topps Company, Inc. are as follows (in millions).
|
2006 |
|
|
Net sales for 2006 |
$326.7 |
|
Current liabilities, February 25, 2006 |
41.1 |
|
Current liabilities, March 3, 2007 |
62.4 |
|
Net cash provided by operating activities |
10.4 |
|
Total liabilities, February 25, 2006 |
65.2 |
|
Total liabilities, March 3, 2007 |
73.2 |
|
Capital expenditures |
3.7 |
|
Cash dividends |
6.2 |
Compute these ratios at March 3, 2007: (a) current cash debt coverage ratio (b) cash debt coverage ratio, and (c) free cash flow. Provide a brief interpretation of your results.