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Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2017 2016 $ 71 $ 22 Accounts receivable (net)

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Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2017 2016 $ 71 $ 22 Accounts receivable (net) 120 58 Inventory 202 238 Prepaid rent 82 46 Plant and equipment (net) 820 818 Accounts payable 106 63 Accrued liabilities 94 130 Income tax payable 27 15 Preferred shares 130 130 Common shares 250 250 Retained earnings 608 564 2015 $ 34 46 198 34 826 87 22 130 250 606 Required: Calculate Airspace's liquidity and efficiency ratios for 2017 and 2016. Use Exhibit 17.14. (Round the final answers to 2 decimal places.) 2017 2016 :1 31 times Ratio Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover days times times days times days times times days times times

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