Windsor, Inc. reported the following selected information on March 31. 2017 Total current assets $215,000 Total assets
Question:
Windsor, Inc. reported the following selected information on March 31.
2017
Total current assets $215,000
Total assets 439,000
Total current liabilities 292,000
Total liabilities 374,500
Net cash provided by operating activities 60,200
Calculate the current ratio, debt-to-assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,300 and spent $26,000 on capital expenditures. (Round the current ratio and the debt-to-asset ratio to 2 decimal places, for example, 15.25. If the answer is no, enter it with a negative sign before the number, for example, -15,000, or in parentheses, for example, (15,000).) Current Ratio: 1 Debt to Assets Free Cash Flow
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine