The comparative statement of financial position of Martinez Corporation as at December 31, 2020, follows:

MARTINEZ CORPORATION

Statement of Financial Position

December 31

December 31Assets20202019Cash

$54,000$-1,800Accounts receivable

90,00088,800Equipment

27,30021,100Less: Accumulated depreciation

(11,300)(10,000)Total

$160,000$98,100Liabilities and Shareholders' EquityAccounts payable

$20,000$10,000Common shares

100,00072,100Retained earnings

40,00016,000Total

$160,000$98,100

Net income of $36,800 was reported and dividends of $12,800were declared and paidin 2020. New equipment was purchased, and equipment with a carrying value of $4,800 (cost of $11,800 and accumulated depreciation of $7,000) was sold for $7,800.

(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.)