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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.
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