The comparative statement of financial position of Bridgeport Corporation as at December 31, 2020, follows: BRIDGEPORT CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 50,000 $ 4,600 Accounts receivable 89,000 88,800 Equipment 27,800 23,000 Less: Accumulated depreciation (6,800) (11,800) Total $ 160,000 $ 104,600 Liabilities and Shareholders' Equity Accounts payable $ 20,000 10,000 Common shares 100,000 77,300 Retained earnings 40,000 17,300 Total $ 160,000 $ 104,600 Net income of $ 36,100 was reported and dividends of $ 13,400 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,600 (cost of $ 11,500 and accumulated depreciation of $ 6,900) was sold for $ 8,000. (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 :1 :1 Debt to total assets ratio % % Free cash flow, December 31, 2020 $