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Using financial ratio analysis, answer the following questions:

Time left $2$:$07$:$3$

Note: Use the appropriate decimal places when asked too.

Novatech Solutions Inc. a retail business that sells electronics that has a current ratio of $2\mathrm{.}7$ and a quick ratio of $1\mathrm{.}5.$ Knowing that the company's current liabilities section contains only salaries payable with a balance of $220000$ and accounts payable with balances of $230000.$ What is the company's inventory balance based on the available information?

Suppose NovaTech Solutions Inc. has the following ratios:

Return on assets $(ROA)$ ratio $=0\mathrm{.}12$

Total assets tumover ratio $=2\mathrm{.}5.$

Knowing that NovaTech has $$800,000$ in non$-$current assets and that the net profit is $15\%$ of the company's yearly sales, using your calculations in the previous question$/$part and the value you found for current assets $($CA$),$ what is the company's Net sales $($revenue$)$ based on the available information?

What is Novatech's net profit based on the available information?

Calculate the total debt ratio if the company has $200000$ long$-$term debt for the same period of time.

Note: multiply your answer by $100$ and use two decimal places

Finally, suppose the company has an average payment period $($average days of accounts payable$)$ of $42.$ What is the cost of goods sold for Novatech $($you need to use information provided earlier in the question$)?$

Use a $365$ day year.

Note: use two decimal places.