2018 $ 42 Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 79 $ 30 Accounts receivable (net) 128 66 Inventory 210 246 Prepaid rent 90 54 Plant and equipment (net) 900 858 Accounts payable 114 Accrued liabilities 102 Income tax payable 35 Preferred shares 138 Common shares 258 Retained earnings 616 614 Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $) 2020 2019 Net sales $1,560 $1,344 Cost' of goods sold 546474 Gross profit $1,014 $ 870 Operating expenses: Depreciation expense $ 84 $ 84 Other expenses 516 360 Total operating expenses 600 444 Profit from operations $ 426 Interest expense Income tax expense Profit 321 Required: Calculate Airspace's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days a year.) 2020 2019 times times Ratio Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover Times 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