Kalbs Books & Music Inc. reported the following selected information at March 31. Calculate (a) the current

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Kalb’s Books & Music Inc. reported the following selected information at March 31. image text in transcribed

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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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

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Question Posted: Jun 10, 2024 01:01 AM

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Kalbs Books & Music Inc. reported the following selected information at March 31. Calculate (a) the current

Question:

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

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Accounting Tools For Business Decision Making

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