Nork -5 -16 -13 20 -22 Corporation as at December 31, 2020, follows: BRAMBLE CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 51,000 $ 6,000 Accounts receivable 89,000 87,600 Equipment 27,800 21,900 Less: Accumulated depreciation (7,800 (11,800 Total $160,000 $103,700 Liabilities and Shareholders' Equity Accounts payable $ 20,000 $ 10,000 Common shares 100,000 77,500 Retained earnings 40,000 16,200 Total $160,000 $103,700 ey Study Net income of $36,800 was reported and dividends of $13,000 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,600 (cost of $12,000 and accumulated depreciation of $7,400) was sold for $7,800. (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