Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2e2e 2019 Cash $ 72 $ 23 Accounts receivable (net) 121 59 Inventory 283 Prepaid rent 83 47 Plant and equipment (net) 830 823 Accounts payable 107 64 Accrued liabilities 95 131 Income tax payable 28 16 Preferred shares 131 131 Connon shares 251 251 Retained earnings 689 565 239 2018 $ 35 47 199 35 827 54 88 23 131 251 687 2019 $1,284 439 $ 765 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) 2020 Net sales $1,420 Cost of goods sold 511 Gross profit $ 909 Operating expenses: Depreciation expense $ 70 other expenses 502 Total operating expenses 572 Profit from operations $ 337 Interest expense 39 Income tax expense Profit $ 252 $ 70 346 416 $ 349 29 48 $ 272 Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2e2e 2019 Cash $ 72 $ 23 Accounts receivable (net) 121 59 Inventory 283 Prepaid rent 83 47 Plant and equipment (net) 830 823 Accounts payable 107 64 Accrued liabilities 95 131 Income tax payable 28 16 Preferred shares 131 131 Connon shares 251 251 Retained earnings 689 565 239 2018 $ 35 47 199 35 827 54 88 23 131 251 687 2019 $1,284 439 $ 765 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) 2020 Net sales $1,420 Cost of goods sold 511 Gross profit $ 909 Operating expenses: Depreciation expense $ 70 other expenses 502 Total operating expenses 572 Profit from operations $ 337 Interest expense 39 Income tax expense Profit $ 252 $ 70 346 416 $ 349 29 48 $ 272 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 2019 :1 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 :1 :1 times days times days times times 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 Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover