Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 81 $ 32 Accounts receivable (net) 130 68 Inventory 212 248 Prepaid rent 56 Plant and equipment (net) 920 868 Accounts payable 116 73 Accrued liabilities 104 140 Income tax payable 37 25 Preferred shares 140 140 Common shares 260 260 Retained earnings 618 574 92 2018 $ 44 56 208 44 836 63 97 32 140 26e 616 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of 5) -2020 Net sales $1,500 Cost of goods sold 556 Gross profit $1,044 Operating expenses: Depreciation expense $ 8B Other expenses 2019 $1,384 484 $ 900 520 88 364 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) 2020 Net sales $1,600 Cost of goods sold 556 Gross profit $1,044 Operating expenses : Depreciation expense $ 88 Other expenses 520 Total operating expenses 608 Profit from operations $ 436 Interest expense 57 Income tax expense 64 Profit $ 315 2019 $1,384 484 $ 900 $ 88 364 452 $ 448 47 66 $335 Required: Calculate Airspace's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use year.) 2020 2019 1 1 Ratio Current ratio Quick ratio Accounts rocolvablo tumovor Davs sales uncollected 1 1 times days Calculate Airspace's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decim year.) Ratio 2020 2019 Current ratio 1 1 1 :1 times Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover 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, Ratio Favourable Unfavourable Current ratio Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Ratio Favourable! Unfavourable Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover