Gray’s Books & Music Inc. reported the following selected information at March 31.

2014

Total current assets........... $262,787

Total assets.............. 439,832

Total current liabilities........... 293,625

Total liabilities............. 376,002

Net cash provided by operating activities.... 62,300

Calculate

(a) The current ratio,

(b) The debt to assets ratio, and

(c) Free cash flow for March 31, 2014.

The company paid dividends of $12,000 and spent $24,787 on capital expenditures.