The comparative statement of financial position of Bridgeport Corporation as at December 31, 2020, follows: BRIDGEPORT 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 $ 51,000 89,600 26,200 (6.800) $ 160,000 2019 $ 7,200 87.000 21,000 (11,100) $ 104,100 $ 20,000 100,000 40,000 $ 160,000 $ 10,000 78,100 16,000 $ 104,100 Net income of $36,500 was reported and dividends of $12,500 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $5,000 (cost of $11,700 and accumulated depreciation of $6,700) 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 7.03 :1 9.42 :1 Debt to total assets ratio 12.5 % 9.61 Free cash flow, December 31, 2020 $