$ 30 Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 79 Accounts receivable (net) 128 66 Inventory 210 246 Prepaid rent 90 54 Plant and equipment (net) 900 858 Accounts payable 114 71 Accrued liabilities 102 138 Income tax payable 35 23 Preferred shares 138 138 Common shares 258 258 Retained earnings 616 572 2018 $42 54 206 42 834 61 95 30 138 258 614 2019 $1,344 474 $ 870 Rocket Inc. Income Statement For Year Ended November 30 (millions of ) 2020 Net sales $1,560 Cost of goods sold 546 Gross profit $1,014 Operating expenses: Depreciation expense 84 Other expenses 516 Total operating expenses 600 Profit from operations $ 414 Interest expense 53 Income tax expense 60 Profit $ 301 $ 84 360 444 $426 43 62 $ 321 Required: Calculate Rocket's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days a VOAN 2020 2019 1 11 1 1 Ratio Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover times days times days times times times days times days times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Favourable! Unfavourable Ratio Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover