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Refer to the following informatin for Rocket Inc. Required: Calculate Rocket's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2
Refer to the following informatin for Rocket Inc. Required: Calculate Rocket's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days a year.) \begin{tabular}{|l|l|l|l|l|} \hline Ratio & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{|c|}{2019} \\ \hline Current ratio & & 1 & :1 \\ \hline Quick ratio & & :1 & :1 \\ \hline Accounts receivable turnover & & times & times \\ \hline Days' sales uncollected & & days & days \\ \hline Inventory turnover & & times & times \\ \hline Days' sales in inventory & & days & days \\ \hline Total asset turnover & times & times \\ \hline Accounts payable turnover & & times & times \\ \hline \end{tabular} Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable
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