Cash Flow Ratios Spencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $70,000 Capital expenditures $45,500* Cash flow from investing activities (52,000) Average current assets 104,000 Cash flow from financing activities (6,500) Average current liabilities 78,000 Net income 32,500 Total assets 195,000 * 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 b. Operating-cash-flow-to-current-liabilities ratio C. Operating-cash-flow-to-current-expenditures ratio