(Answered) Kalbs books amp music inc reported the following selected

Finance

Kalb"s Books & Music Inc. reported the following selected information at March 31.

	2012
Total current assets	$262,787
Total assets	439,832
Total current liabilities	293,625
Total liabilities	376,002
Cash provided by operating activities	62,300

Calculate (a) the current ratio, (b) the debt to total assets ratio, and (c) free cash flow for March 31, 2012. The company paid dividends of $12,000 and spent $24,787 on capital expenditures.

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