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The comparative statement of financial position of Novak Corporation as at December 31, 2023, follows: Net income of $37,600 was reported and dividends of $13,300
The comparative statement of financial position of Novak Corporation as at December 31, 2023, follows: Net income of $37,600 was reported and dividends of $13,300 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,800 (cost of $11,600 and accumulated depreciation of $6,800 ) was sold for $7,500. (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 cosh flow with either asign eg. 15,000 or In parenthesis e..(15,000).)
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