Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 21 $ 91 Accounts receivable (net) 406 252 Inventory 79 63 Plant and equipment (net) 2,646 2,730 Accounts payable 287 Long-term notes payable* 1,750 2,310 Common shares 358 350 Retained earnings 756 273 2e3 *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 $) 2920 2019 Net sales $ 2,738 $ 1,932 Cost of goods sold 952 742 Gross profit $ 1,778 $ 1,190 Operating expenses: Depreciation expense $ 98 $ 98 Other expenses 735 Total operating expenses 833 780 Profit from operations $ 945 $ Interest expense 135 169 Income tax expense 49 53 Profit $ 761 $ 268 2 490 227 Required: Calculate Focus Metals solvency ratios for 2019 and 2020. (Round the final answers to 2 decimal places.) 2020 %6 Ratio Debt ratio Equity ratio Pledged assets to secured liabilities Times interest earned 2019 96 96 :1 :1 times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Ratio Favourable/ Unfavourable Debt ratio Equity ratio Pledged assets to secured liabilities Times interest earned