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		$	53,000		$	-4,400
Accounts receivable			89,600			88,800
Equipment			27,300			22,800
Less: Accumulated depreciation			(9,900	)		(10,900	)
Total		$	160,000		$	96,300
Liabilities and Shareholders Equity
Accounts payable		$	20,000		$	10,000
Common shares			100,000			71,300
Retained earnings			40,000			15,000
Total		$	160,000		$	96,300

Net income of $38,000 was reported and dividends of $13,000 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,400 (cost of $11,600 and accumulated depreciation of $7,200) was sold for $7,600. (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.)