leyplus.com/edugen/it/main.uni Kiese, Intermediate Accounting, 12CE Volume 1 Helo Sestom Announcements PRINTER VERSION 4 BACK NEXT The comparative statement of financial position of Flint Corporation as at December 31, 2020, follows: FLINT CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 50,000 $1,400 Accounts receivable 89,200 88,800 Equipment 25,200 22,200 Less: Accumulated depreciation (5.400) (11.300 Total $160,000 $101.100 Liabilities and Shareholders' Equity Accounts payable $ 20,000 $10,000 Common shares 100,000 75,700 Retained earnings 40.000 15.400 Total $160,000 $10.00 Net income of $37,100 was reported and dividends of $12,500 were dedared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,000 (cost of 311.500 and accumulated depreciation of $7,500) was sold for $3,000 Calculate the current ratio and debt to total assets ratlo as at December 31, 2019 and 2020. Calculate the tree cash flow for December 31, 2020. (Round answers to 2 decima places, ... 52.75.) 2020 2019 Current Ratio 11 Debt to total assets ratio 16 96 Free cash flow. December 31, 2020 Adx 201 PM