es Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) Cash Accounts receivable (net) Inventory Prepaid rent Plant and equipment (net) Accounts payable Accrued liabilities Income tax payable Preferred shares Common shares Retained earnings 2023 Net sales Cost of goods sold Gross profit $ 74 123 205 85 850 109 Airspace Technologies Inc. Income Statement 97 30 133 253 611 For Year Ended November 30 (millions of $) $ 2023 $1,460 521 939 2022 $25 61 241 49 833 66 133 18 133 253 567 2022 $1,244 $ 449 795 2021 $ 37 49 201 37 829 56 90 25 133 253 609

Refer the following table. Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022 (Round the final answers to 2 decim year.) Analysis Component: Identify whether the change in each ratio from 2022 to 2023 was favourable or unfavourable