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Brief Exercise 2-6
Gray
Solution
Current Ratio = Current Assets/Current Liabilities
=260961/293365
=0.89
---------------------------------------------------------------------------------------------------------
Debt to Asset = Total Liabilities/Total Assest
=375701/440259
=85.34%
----------------------------------------------------------------------------------------------------------
F ree Cash Flow = Net cash provided by operating activities - dividend - capital expenditures
=62546-13383-25393
=$23770
Brief Exercise 2-6 GraySolutionCurrent Ratio - Current Assets-Current.docx

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Brief Exercise 2-6 GraySolutionCurrent Ratio - Current Assets-Current.docx

  • 1. Brief Exercise 2-6 Gray Solution Current Ratio = Current Assets/Current Liabilities =260961/293365 =0.89 --------------------------------------------------------------------------------------------------------- Debt to Asset = Total Liabilities/Total Assest =375701/440259 =85.34% ---------------------------------------------------------------------------------------------------------- F ree Cash Flow = Net cash provided by operating activities - dividend - capital expenditures =62546-13383-25393 =$23770