Refer the following table.

Focus Metals Inc.

Comparative Balance Sheet Information

November 30

(millions of $)

20202019

Cash $21$91

Accounts receivable (net) 406252

Inventory 7063

Plant and equipment (net) 2,6462,730

Accounts payable 287203

Long-term notes payable* 1,7502,310

Common shares 350350

Retained earnings 756273

*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 $)

20202019

Net sales $2,730$1,932

Cost of goods sold 952742

Gross profit $1,778$1,190

Operating expenses:

Depreciation expense $98$98

Other expenses 735602

Total operating expenses 833700

Profit from operations $945$490

Interest expense 135169

Income tax expense 4953

Profit $761$268

Required:Calculate Focus Metals solvency ratios for 2019 and 2020. (Round the final answers to 2 decimal places.)