Refer the following table. Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 70 $ 21 Accounts receivable (net) 119 57 Inventory 201 237 Prepaid rent 81 45 Plant and equipment (net) 810 Accounts payable 105 62 Accrued liabilities 93 129 Income tax payable 26 14 Preferred shares 129 129 Common shares 249 249 Retained earnings 607 563 813 2018 $ 33 45 197 33 825 52 86 21 129 249 605 2019 $1,164 429 $ 735 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) 2020 Net sales $1,380 Cost of goods sold 501 Gross profit $ 879 Operating expenses: Depreciation expense $ 66 Other expenses 498 Total operating expenses 564 Profit from operations 315 Interest expense 35 Income tax expense 42 Profit $ 238 $ $ 66 342 408 $ 327 25 44 $ 258 Required: Profit 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 Ratio Current ratio Quick ratio :1 :1 :1 1 times times days times Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover days times days times days times 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