#### Answer

Step1:
Calculation of free cash flows:
Cash provided by operations is 127,260,000 dollars
Capital expenditures are 221,160,000 dollars,
Cash dividends are 0 dollars.
By substituting these values in the cash flow formula:
Free cash flow = 127,260,000 - 221,160,000 - 0
= -93,900,000.
Free cash flows = -93,900,000 dollars
Step2:
Calculation of current cash to debt coverage ratio:
Cash provided by operations is 127,260,000 dollars
Average current liabilities are 243,668,000 dollars.
By substituting these values in the current cash to debt coverage ratio:
Cash to debt coverage ratio =127,260,000/243,668,000 = 0.52:1
Current Cash to debt coverage ratio is = 0.52:1
Step3:
Calculation of cash debt coverage ratio:
Cash provided by operations is 127,260,000 dollars,
Average current liabilities are 928,464,500 dollars.
By substituting these values in the above formula, we get the cash debt coverage ratio:
Cash debt coverage ratio = 127,260,000/928,464,500
= 0.14:1
Cash debt coverage ratio = 0.14:1

#### Work Step by Step

Step1:
Formula for free cash flow is as below:
Free cash flow = Cash provided by operations - Capital expenditure - Cash dividends
Step2:
Formula for cash to debt coverage ratio is as below:
Current Cash to debt coverage ratio = Cash provided by operations/Average current liabilities
Step3:
Formula for cash debt coverage ratio is as below:
Cash debt coverage ratio = Cash provided by operations/Average current liabilities