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A comparative balance sheet for Teal Corporation is presented as follows.

		December 31
Assets		2020			2019
Cash		$ 72,810			$ 22,000
Accounts receivable		83,460			67,650
Inventory		181,460			190,650
Land		72,460			111,650
Equipment		261,460			201,650
Accumulated Depreciation-Equipment		(70,460	)		(43,650	)
Total		$601,190			$549,950
Liabilities and Stockholders' Equity
Accounts payable		$ 35,460			$ 48,650
Bonds payable		150,000			200,000
Common stock ($1 par)		214,000			164,000
Retained earnings		201,730			137,300
Total		$601,190			$549,950

Additional information:

1.		Net income for 2020 was $127,920. No gains or losses were recorded in 2020.
2.		Cash dividends of $63,490 were declared and paid.
3.		Bonds payable amounting to $50,000 were retired through issuance of common stock.

Prepare a statement of cash flows for 2020 for Teal Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Determine Teal Corporations current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places., e.g. 0.67.)

Current cash debt coverage			:1
Cash debt coverage			:1
Free cash flow		$

Comment on its liquidity and financial flexibility.

Teal has excellentpoor liquidity. Its financial flexibility is

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