Ross Music Inc. reported the following selected information at March 31. Calculate (a) the current ratio, (b)

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Ross Music Inc. reported the following selected information at March 31.

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Calculate (a) the current ratio, (b) the debt to assets ratio, and (c) free cash flow for March 31, 2022. The company paid dividends of $12,000 and spent $24,787 on capital expenditures.

Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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