Current Attempt in Progress The comparative statement of financial position of Flounder Corporation as at December 31, 2020, follows: FLOUNDER CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 53,000 $ - 1,600 Accounts receivable 91,000 89.000 Equipment 26,700 21,700 Less: Accumulated depreciation (10.700) (11,600) Total $ 160,000 $ 97,500 Liabilities and Shareholders' Equity Accounts payable $ 20.000 $ 10,000 Common shares 100,000 72.700 Retained earnings 40.000 14.800 Total $ 160,000 $ 97,500 Net income of $38,000 was reported and dividends of $12,800 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $5,100 (cost of $11,800 and accumulated depreciation of $6,700) was sold for $7,600. (a) Calculate the current ratio and debt to total assets ratio as at December 31, 2019 and 2020. Calculate the free cash flow for December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Current Ratio :1 :1 Debt to total assets ratio % % Free cash flow, December 31, 2020 $