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Pls help me solve this, this is my last attempt. Other tutors gave me wrong answers for the first two attempts smh Exercise 5-19 a

Pls help me solve this, this is my last attempt. Other tutors gave me wrong answers for the first two attempts smh

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Exercise 5-19 a The comparative statement of financial position of Novak Corporation as at December 31, 2020, follows: NOVAK CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 50,000 $ 2,600 Accounts receivable 90,000 88,200 Equipment 27,100 21,900 Less: Accumulated depreciation (7,100) (10,700) Total $160,000 $102,000 Liabilities and Shareholders' Equity Accounts payable $ 20,000 $ 10,000 Common shares 100,000 76,300 Retained earnings 40,000 15,700 Total $160,000 $102,000 Net income of $37,600 was reported and dividends of $13,300 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,800 (cost of $11,600 and accumulated depreciation of $6,800) was sold for $7,500. (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 $ LINK TO TEXT Question Attempts: 2 of 3 used

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