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

Cash flow from operating activities	$90,000		Capital expenditures	$35,000*
Cash flow from investing activities	(40,000)		Average current assets	80,000
Cash flow from financing activities	(5,000)		Average current liabilities	60,000
Net income	25,000		Total assets	150,000

* 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