Refer to the following informatin for Rocket Inc. Rocket Inc. Comparative Balance Sheet Information November 30 millions of ) 2020 2019 Canh 73 $ 24 Accounts receivable (net) 122 60 Inventory 204 240 Prepaid rent 84 48 Plant and equipment net) Accounts payable 100 65 Accrued liabilities 96 132 Income tax payable 29 Preferred shares 132 152 Common shares 252 252 Retained earnings 610 566 -14 340 2018 36 40 200 36 323 55 89 24 132 252 608 2019 $1,224 444 $ 780 Rocket Inc. Income Statement For Year Ended November 30 (millions of $) 2020 Net sales $1,440 Cost of goods sold 516 Gross profit S 924 Operating expenses: Depreciation expense $ 72 Other expenses 504 Total operating 576 expenses Profit from operations 348 Interest expense Income tax expense 4e Profit S 259 s 72 349 420 s S 560 3 50 S 279 02:53 Required: Calculate Rocket's liquidity and efficiency ratios for 2020 and 2019. Round the final answers to 2 decimal places. Use 365 days year) 2020 2013 1 + 1 1 Ratio Current ratio Quick to Accounts recewable tumor Days' sales collected entory tumo Days sales inventory sotal asset to move Accours payable unof ay times daya times days tas day time 7 Analysis Component Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Ratio Favourable/ Unfavourable Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover