Sunland Corporation reports the following information for 2026:- Net cash provided by operating activities: $362,500- Average current liabilities: $144,000- Average long-term liabilities: $106,000- Dividends declared: $55,000- Capital expenditures: $101,000- Payments of debt: $36,000Sunland’s cash debt coverage is:- 1.45- 3.59- **2.52** (correct answer)- 3.42

Cash debt coverage refers to the ratio that is helpful in measuring the ability of a firm for paying…

Sunland Corporation reports the following information for 2026: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt Sunland's cash debt coverage is $362500 144000 106000 55000 101000 36000

Sunland Corporation reports the following information for 2026: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt Sunland's cash debt coverage is $362500 144000 106000 55000 101000 36000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(34). Subject :- Finance
Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000