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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:
- 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.
- Show all calculations.
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