Cash Flow Ratios Spencer Company reports the following amounts in its annual financial statements:

Cash flow from operating activities	$75,000		Capital expenditures	$49,000*
Cash flow from investing activities	(56,000)		Average current assets	112,000
Cash flow from financing activities	(7,000)		Average current liabilities	84,000
Net income	35,000		Total assets	210,000

* This amount is a cash outflow a. Compute Spencer's free cash flow. b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio. c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio.

Round ratios to two decimal points.

a. Free cash flow	Answer
b. Operating-cash-flow-to-current-liabilities ratio	Answer
c. Operating-cash-flow-to-current-expenditures ratio	Answer