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Help Save & Est Refer the following table Airspace Technologies Inc. Comparative Balance Sheet Information November 30 millions of 3) 2020 2019 Cash Accounts receivable

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Help Save & Est Refer the following table Airspace Technologies Inc. Comparative Balance Sheet Information November 30 millions of 3) 2020 2019 Cash Accounts receivable (net) $ 80 $ 31 67 Inventory 211 247 Prepaid rent Plant and equipment (net) 91 55 910 863 Accounts payable 115 72 Accrued liabilities 103 139 Income tax payable 36 24 Preferred shares 139 139 Connon shares 259 259 Retained earnings 617 573 129 2018 $ 43 55 207 43 835 62 96 31 259 139 615 2019 $1,364 5885 479 Airspace Technologies Inc. Incone Statement For Year Ended November 30 Inillions of 5) 2020 Net sales $1,580 Cost of goods sold 551 Gross profit $1,029 Operating expenses: Depreciation expense 5 86 Other expenses 518 Total operating expenses Profit from operations $425 Interest expense 55 Income tax expense 62 Profit $ 308 5 86 362 448 $ 437 45 64 $ 328 Required: Calculate Airspace's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days * Required: Calculate Airspace's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days a year.) 2020 11 11 Limes Current rutio Quick Accounts recebemover Days' es uncollected Inventory Ban Dwya' sales inventory Totaltumver Accounts payable tumover 2019 -1 1 mes days mes daya mes times times mes Analysis Component: Identity whether the change in each ratio from 2019 to 2020 was favourable or unfavourable Itatio Favourable Unfavourable Current ratio Accounts receivable turnover Dayssas colected Inventory umover Days's sin inventory Total se humover Accounts payable turnover

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