Kalb"s Books & Music Inc. reported the following selected information at March 31.
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2012
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Total current assets
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$262,787
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Total assets
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439,832
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Total current liabilities
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293,625
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Total liabilities
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376,002
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Cash provided by operating activities
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62,300
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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.