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Question(s) / Instruction(s):

ACCT2020 Danny\'s Books & Music Inc. reported the following selected information at March 31.

                                                                                2012

Total current assets                                        $262,787

Total assets                                                        439,832

Total current liabilities                                    293,625

Total liabilities                                                    376,002

Cash provided by operating activities      55,472

Required:

Calculate (a) the current ratio,

(b) the debt to total assets ratio,

(c) free cash flow for March 31, 2012. The company paid dividends of $15,000 and spent $24,787 on capital expenditures. 

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