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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Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Dec 17, 2020 01:55 AM

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

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