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

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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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