Refer the following table Focus Metals Inc Comparative Balance Sheet Information November 30 (millions of $) 2017 25 422 2016 95 268 Cash Accounts receivable (net) Inventory Plant and equipment (net) Accounts payable Long-term notes payable Common shares Retained earnings 78 71 2,726 307 1,790 390 764 2,810 223 2,350 390 281 *90% of the plant and equipment are secured by long-term notes payable Focus Metals Inc Income Statement For Year Ended November 30 (millions of $) 2017 2016 $2,052 782 Net sales $2,850 992 Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses $1,858 $1,270 $106 $106 622 755 Total operating expenses 861 728 Profit from operations Interest expense Income tax expense $997 $542 189 155 53 57 Profit $789 $296 Required: Calculate Focus Metals solvency ratios for 2016 and 2017.Use Exhibit 17.14. (Round the final answers to 2 decimal places.) Ratio 2017 2016 Debt ratio % % Equity ratio Pledged assets to secured liabilities Times interest earned :1 1 times times Analysis Component: Identify whether the change in each ratio from 2016 to 2017 was favourable or unfavourable. Favourable Unfavourable Ratio Debt ratio Equity ratio Pledged assets to secured liabilities Times interest earned