The comparative statement of financial position of Concord Corporation as at December 31, 2023, follows: CONCORD CORPORATION Statement of Financial Position December 31 December 31 Assets 2023 2022 Cash $53,000 $6,000 Accounts receivable 89,000 87,700 Equipment 27,100 21,700 Less: Accumulated depreciation (11,100) (10,400) Total $158,000 $105,000 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total $20,000 $10,000 100,000 76,500 38,000 18,500 $158,000 $105,000 Net income of $32,400 was reported and dividends of $12,900 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,200 (cost of $11,500 and accumulated depreciation of $7,300) was sold for $8,300. (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 %