Ross Music Inc. reported the following selected information at March 31. 2022 Total current assets................................................. $262,787 Total

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Ross Music Inc. reported the following selected information at March 31. 2022

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

Calculate 

(a) The current ratio 

(b) The debt to assets ratio.

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Related Book For  book-img-for-question

Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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