The comparative statement of financial position of Blue Spruce Corporation as at December 31, 2023, follows: Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total BLUE SPRUCE CORPORATION Statement of Financial Position December 31 Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total (a) December 31 2023 $54,000 90,000 27,200 (11,200) $160,000 $20,000 100,000 40,000 $160,000 2022 $600 88,400 22,100 (11,300) $99,800 $10,000 73,300 16,500 $99,800 Net income of $36,000 was reported and dividends of $12,500 were declared and paid in 2023. 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. Calculate the current ratio and debt to total assets ratio as at December 31, 2022 and 2023. Calculate the free cash flow for December 31, 2023. (Round answers to 2 decimal places, e.g. 52.75. Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000)) Net income of $36,000 was reported and dividends of $12,500 were declared and paid in 2023. 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, 2022 and 2023. Calculate the free cash flow for December 31, 2023. (Round answers to 2 decimal places, e.g. 52.75. Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Current ratio Debt to total assets ratio. Free cash flow, December 31, 2023 $ 2023 :1 % 2022 :1 %