Kalbs Books & Music Inc. reported the following selected information at March 31. 2012 Total current assets

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Kalb’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 ..... 62,300

Calculate

(a) The current ratio,

(b) The debt to total assets ratio, and

(c) Free cash flow for March 31, 2012.

The company paid dividends of $12,000 and spent $24,787 on capital expenditures.


Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...
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Related Book For  answer-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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