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Ross Music Inc. reported the following selected information on March 31. Total current assets $262,787 Total assets 439,832 Total current liabilities 293,625 Total liabilities 376,002

Ross Music Inc. reported the following selected information on March 31.

Total current assets $262,787

Total assets 439,832

Total current liabilities 293,625

Total liabilities 376,002

Net cash provided by operating activities 62,300

Requirement:

  1. Calculate (a) the current ratio, (b) the debt to assets ratio, and (c) free cash flow for March 31, 2022. The company paid dividends of $12,000 and spent $24,787 on capital expenditures.
  2. Show all calculations.

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