Refer the following table. Required:

Calculate Focus Metals' solvency ratios for $2022$ and $2023.($Round the final answers to $2$ decimal places.$)$

Analysis Component:

Identify whether the change in each ratio from $2022$ to $2023$ was favourable or unfavourable.

$\backslash$table$[[$Focus Metals Inc.,,$],[$Comparative Balance Sheet Information$],[$November $30,,],[($millions of $$),,],[$Cash$,$$ $2023,2022],[$Accounts receivable $($net$),29,$$$99],[$Inventory$,438,284],[$Plant and equipment $($net$),86,79],[$Accounts payable,$2,806,2,890],[$Long$-$term notes payable$*,327,243],[$Common shares,$1,830,2,390],[$Retained earnings,$430,430]]$

$*90\%$ of the plant and equipment are secured by long$-$term notes payable.

$\backslash$table$[[\backslash$table$[[$Focus Metals Inc.$],[$Income Statement$],[$For Year Ended November $30],[($millions of $ $)]]],[,2023,2022],[$Net sales,$ $2,970,$$ $2,172],[$Cost of goods sold,$1,032,822],[$Gross profit,$$1,938,$$ $1,350],[$Operating expenses:$],[$Depreciation expense,$114,114],[$Other expenses,$775,642],[$Total operating expenses,$889,756],[$Profit from operations,$ $1,049,594],[$Interest expense,$175,209],[$Income tax expense,$57,61],[$Profit$,$$$8817,$$ $324]]$