Refer the following table.

$$

Airspace Technologies Inc.

Comparative Balance Sheet Information

November

$30$

$($

millions of $

$)$

$$

$202320222021$

Cash $

$77$

$$ $

$28$

$$ $

$40$

$$

Accounts receivable

$($

net

$)1266452$

$$

Inventory

$208244204$

$$

Prepaid rent

$885240$

$$

Plant and equipment

$($

net

$)880848832$

$$

Accounts payable

$1126959$

$$

Accrued liabilities

$10013693$

$$

Income tax payable

$332128$

$$

Preferred shares

$136136136$

$$

Common shares

$256256256$

$$

Retained earnings

$614570612$

$$

$$

$$

Airspace Technologies Inc.

Income Statement

For Year Ended November

$30$

$($

millions of $

$)$

$$

$20232022$

Net sales $

$1$

$,$

$520$

$$ $

$1$

$,$

$304$

$$

Cost of goods sold

$536464$

$$

Gross profit $

$984$

$$ $

$840$

$$

Operating expenses:

Depreciation expense $

$80$

$$ $

$80$

$$

Other expenses

$512356$

$$

Total operating expenses

$592436$

$$

Profit from operations $

$392$

$$ $

$404$

$$

Interest expense

$4939$

$$

Income tax expense

$5658$

$$

Profit $

$287$

$$ $

$307$

$$

Required:

Calculate Airspace's liquidity and efficiency ratios for

$2023$

$$and

$2022$

$.$

$($

Round the final answers to

$2$

$$decimal places. Use

$365$

$$days a year.