Question 10 of 10 -11 Current Attempt in Progress The comparative statement of financial position of Marigold Corporation as at December 31, 2020, follows: MARIGOLD CORPORATION Statement of Financial Position December 31 Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total December 31 2020 $ 50,000 89.200 27,000 (6,200) $ 160,000 2019 $ 6,800 88,200 21.400 (10.800) $ 105,600 $ 20,000 100,000 40,000 $ 160,000 $ 10,000 78,400 17.200 $ 105.600 -/1 E Question 10 of 10 Net income of $36,000 was reported and dividends of $13,200 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,500 (cost of $11,500 and accumulated depreciation of $7,000) was sold for $8,200. (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, eg. 52.75.) 2020 2019 :1 :1 Current Ratio 96 % Debt to total assets ratio Free cash flow. December 31, 2020 $ e Textbook and Media Attempts: 0 of 3 used Submit