Question: The answer i got previously as shown in the picture is incorrect Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $ )


Airspace Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $ ) \begin{tabular}{lrrrr} & & & \\ & 2023 & 2022 & 2021 \\ Cash & $78 & $29 & $41 \\ Accounts receivable (net) & 127 & 65 & 53 \\ Inventory & 209 & 245 & 205 \\ Prepaid rent & 89 & 53 & 41 \\ Plant and equipment (net) payable & 890 & 853 & 833 \\ Accounts & 113 & 70 & 60 \\ Accrued liabilities & 101 & 137 & 94 \\ Income tax payable & 34 & 22 & 29 \\ Preferred shares & 137 & 137 & 137 \\ Common shares & 257 & 257 & 257 \\ Retained earnings & 615 & 571 & 613 \\ \hline \end{tabular} Airspace Technologies Inc. Income Statement For Year Ended November 30 (millions of $ ) Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022. (Round the final answers to 2 de year.) Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022 . (Round the finol answers to 2 decimol places. Use 365 doys a year.)
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