Spence Resources Inc.'s December 31 incomplete balance sheet information follows along with additional information: Accounts payable Accounts receivable, net Cash Common shares Long-tern notes payable due 2023 Inventory Plant assets, net Prepaid expenses 2020 2819 2018 $361,820 $210,800 138,000 261,570 176,366 137,810 72,570 98,484 103,090 456,000 456,000 456,000 273,500 287,500 231,500 312,700 231,500 148,900 778,000 715,000 643, 600 27,200 26,560 11,240 *45,600 shares were issued and outstanding for all three years. December 31, 2020 2019 $31.00 $.29.00 0.70 0.40 Common shares market price Annual cash dividends declared per share Denuirer SPENCE RESOURCES INC. Balance Sheet December 31 2020 Assets 2019 2018 Current assets Total current assets Total assets Liabilities Total liabilities TUS Equity Total equity Total liabilities and equity 7 2. To evaluate the company's profitability calculate the ratios for each year shown in the following schedule and determine whe the change was favourable or unfavourable. (Round EPS and the final answers to 2 decimal places.) 2020 2019 Favourable or Unfavourable % % Return on common shareholders equity Price earnings Didend yield