The comparative statement of financial position of Blue Spruce Corporation as at December 31, 2020, follows: BLUE SPRUCE CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 54.000 $ 3,200 90.000 88,400 Accounts receivable Equipment 27.200 22,100 Less: Accumulated depreciation (11.200) (11,3001 Total $ 160,000 $ 96,000 Liabilities and Shareholders' Equity Accounts payable $ 20.000 $ 10,000 Common shares 100,000 71,400 Retained earnings 40,000 14.600 Total $ 160,000 $ 96,000 Net income of $37.900 was reported and dividends of $12,500 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4.800 (cost of $11.900 and accumulated depreciation of $7,100) was sold for $8,100. (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 Current Ratio :1 Debt to total assets ratio Free cash flow, December 31, 2020 $