Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash 24 $ 94 Accounts receivable (net) 418 264 Inventory 76 69 Plant and equipment (net) 2,706 2,790 Accounts payable 302 218 Long-term notes payable* 1,780 2,340 Common shares 380 380 Retained earnings 762 279 *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 $ 2,820 $ 2,022 Cost of goods sold 982 772 Gross profit $ 1,838 $ 1,250 Operating expenses: Depreciation expense $ 104 $ 104 Other expenses 750 617 Total operating expenses 854 721 Profit from operations $ 984 $ 529 Interest expense 150 184 Income tax expense 56 Profit $ 782 $ 289 Required: Calculate Focus Metals solvency ratios for 2019 and 2020. (Round the final answers to 2 decimal places.) to 2020 2010 % % % % 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. Ratio Favourable! Unfavourable Debt ratio Equity ratio Pledged assets to secured liabilities Times interest earned