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Business, 21.06.2020 05:57 cookies1164

A comparative balance sheet for Marin Corporation is presented below. December 31
Assets 2017 2016
Cash $ 72,830 $ 22,000
Accounts receivable 84,220 68,390
Inventory 182,220 191,390
Land 73,220 112,390
Equipment 262,220 202,390
Accumulated Depre- (71,220) (44,390)
ciation-Equipment
Total $603,490 $552,170
Liabilities and Stockholders' Equity
Accounts payable $ 36,220 $ 49,390
Bonds payable 150,000 200,000
Common stock ($1 par) 214,000 164,000
Retained earnings 203,270 138,780
Total $603,490 $552,170
Additional information:
1.Net income for 2017 was $129,440. No gains or losses were recorded in 2017.
2.Cash dividends of $64,950 were declared and paid.
3.Bonds payable amounting to $50,000 were retired through issuance of common stock.
Determine Marin Corporation's current cash debt coverage, cash debt coverage, and free cash flow.

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A comparative balance sheet for Marin Corporation is presented below. December 31
Assets 2017...
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