Refer the following table Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of 5) 2020 2019 Cash $ 19589 Accounts receivable (net) 398 244 Inventory 66 59 Plant and equipment (net) 2,606 2,690 Accounts payable 277 193 Long-tern notes payable 1,730 2,290 Common shares 330 330 Retained earnings 752 269 +90% of the plant and equipment are secured by long-term notes payable. Focus Metals Inc. Income Statement For Year Ended November 30 Inillions of 5) 2020 2019 Net sales $2,670 $1,872 Cost of goods sold 932 722 Gross profit $1,738 51,150 Operating expenses! Depreciation expense $ 94 5 94 other expenses 725 592 Total operating expenses 819 686 Profit from operations $919 $ 464 Interest expense 125 159 Income tax expense 47 51 Profit $ 747 $ 254 Required: Calculate Focus Metals solvency ratios for 2019 and 2020. (Round the final answers to 2 decimal places.) Required: Calculate Focus Metals solvency ratios for 2019 and 2020. (Round the final answers to 2 decimal places.) 2020 2019 Ratio Debt ratio Equity ratio Pledged assets to secured abilities Times interest corned % 1 :1 times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Favourable! Untavourable Ratio Debt ratio Equity ratio Pledged assets to secured abilities Times interest earned