Net sales Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) Cost...

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Net sales Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2023 $1,360 2022 $1,144 496 424 $ 864 $ 720 $ 64 $ 64 496 340 560 404 $ 304 $ 316 33 40 23 42 $ 231 $ 251 Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022 (Round the final answers to 2 decimal places. L year.) Ratio Current ratio Quick ratio Accounts receivable turnover 2023 2022 1 1 1 1 times times Net sales Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2023 $1,360 2022 $1,144 496 424 $ 864 $ 720 $ 64 $ 64 496 340 560 404 $ 304 $ 316 33 40 23 42 $ 231 $ 251 Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022 (Round the final answers to 2 decimal places. L year.) Ratio Current ratio Quick ratio Accounts receivable turnover 2023 2022 1 1 1 1 times times

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