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 .