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Whispering Winds Corp
Whispering Winds Corp. reported the following selected information at March 31.
2017 Total current assets $222,500 Total assets 437,500 Total current liabilities 290,500 Total liabilities 375,500 Net cash provided by operating activities 61,200
CALCULATOR PRINTER VERSION 1 BACK
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Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $10,200 and spent $24,100 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parentheses e.g.. (15,000).)
Debt to assets
Free cash flow
Expert Solution
Debt to asset ratio= (Short-term Debt + Long-term Debt) / Total Assets
or
Debt to asset ratio= Total liabilities/ Total assets
= 375500/ 437500
= 0.8583 or 85.83%
Free cash flow= Net cash provided by Operating activities- Dividend- Capital expenditure
= 61200- 10200- 24100
= 26900
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