Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 27 $ 97 Accounts receivable (net) 430 276 Inventory 82 Plant and equipment (net) 2,766 2,850 Accounts payable 233 Long-term notes payable* 1,810 2,370 Common shares Retained earnings 768 285 75 317 410 410 *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 $) 2020 2019 Net sales $ 2,910 $ 2,112 Cost of goods sold 1,012 802 Gross profit $ 1,898 $1,319 Operating expenses: Depreciation expense $ 110 $ 110 other expenses 765 632 Total operating expenses 875 742 Profit from operations $ 1,023 5 568 Interest expense 165 199 Income tax expense 55 59 Profit 803 $ 310 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 liabilities Times interest earned % % -1 :1 times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Favourable/ Unfavourable Ratio Debt ratio Equity ratio Pledged assets to secured liabilities Times interest earned