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23. Cash Flow Measures. The selected information in the following is from Dutton Company's financial records for the most recent fiscal year. Current assets $300,000

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23. Cash Flow Measures. The selected information in the following is from Dutton Company's financial records for the most recent fiscal year. Current assets $300,000 Current liabilities $125,000 Cash provided by operating activities $350,000 Net income $150,000 Capital expenditures $275,000 Required: Calculate Dutton Company's: 1. Operating cash flow ratio 2. Capital expenditure ratio 3. Free cash flow

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