Brief Exercise 13 15
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.
(Round answers to 2 decimal places, e.g. 0.12.)
| Current cash debt coverage ratio |  |
times | |
| Cash debt coverage ratio | |
times | |
| Free Cash Flow |