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A comparative statement of financial position for Riverbed Industries Inc. follows:
| RIVERBED INDUSTRIES INC. Statement of Financial Position December 31, 2020 |
| | December 31 |
| Assets | 2020 | | | 2019 | |
| Cash | $ 22,000 | | | $ 34,900 | |
| Accounts receivable | 100,500 | | | 54,600 | |
| Inventory | 222,000 | | | 186,200 | |
| Land | 71,500 | | | 112,000 | |
| Equipment | 260,000 | | | 195,500 | |
| Accumulated depreciationequipment | ( 69,000 | ) | | ( 43,000 | ) |
| Total | $ 607,000 | | | $ 540,200 | |
| Liabilities and Shareholders Equity | | | | | |
| Accounts payable | $ 54,252 | | | $ 60,000 | |
| Bonds payable | 152,500 | | | 200,000 | |
| Common shares | 216,000 | | | 165,000 | |
| Retained earnings | 184,248 | | | 115,200 | |
| Total | $ 607,000 | | | $ 540,200 | |
Additional information:
| 1. | | Net income for the fiscal year ending December 31, 2020, was $ 129,000. |
| 2. | | Cash dividends of $ 60,000 were declared and paid. Dividends paid are treated as financing activities. |
| 3. | | Bonds payable amounting to $ 50,000 were retired through issuance of common shares. |
| 4. | | Land was sold at a gain of $5,000. |
| 5. | | No equipment was sold during the year. |
Determine the current cash debt ratio and free cash flow ratio for 2020.
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