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Refer to the following informatin for Rocket Inc.

Rocket Inc.
Comparative Balance Sheet Information
November 30
(millions of $)
	2020				2019				2018
Cash	$	74			$	25			$	37
Accounts receivable (net)		123				61				49
Inventory		205				241				201
Prepaid rent		85				49				37
Plant and equipment (net)		850				833				829
Accounts payable		109				66				56
Accrued liabilities		97				133				90
Income tax payable		30				18				25
Preferred shares		133				133				133
Common shares		253				253				253
Retained earnings		611				567				609

Rocket Inc.
Income Statement
For Year Ended November 30
(millions of $)
	2020				2019
Net sales	$	1,460			$	1,244
Cost of goods sold		521				449
Gross profit	$	939			$	795
Operating expenses:
Depreciation expense	$	74			$	74
Other expenses		506				350
Total operating expenses		580				424
Profit from operations	$	359			$	371
Interest expense		43				33
Income tax expense		50				52
Profit	$	266			$	286

Required: Calculate Rocket's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Use 365 days a year.)

	Ratio 2020 2019 Current ratio :1 :1 Quick ratio :1 :1 Accounts receivable turnover times times Days sales uncollected days days Inventory turnover times times Days sales in inventory days days Total asset turnover times times Accounts payable turnover times times

Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable.

Quick ratio, current ratio, account receiable turnover, day sale uncollected, inventory turn over, day sales in inventory, total assest turnover, account payable turn over

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