3. You are given the following summarized financial statements of Tech Inc. for the year 2020. Sales revenue Cost of goods sold & various operating expenses Depreciation Operating income Interest Income tax Net income Current assets: Cash Tech Inc. Income Statement for 2020 Trade accounts receivable Inventory Long-term assets: At cost Total assets Liabilities & Equity Current liabilities Long-term liabilities Total liabilities Accumulated depreciation Tech Inc. Balance Sheet as at End of 2020 $ $1,950,000 300,000 Equity: Common shares Retained earnings Total Liabilities & Equity $ 15,000 150,000 $ 900,000 520.000 $2,700,000 $ 100,000 500.000 2,250,000 $ 450,000 10,000 270,000 540,000 $ 820,000 150,000 $ 300.000 380.000 $1.200.000 $ 540,000 60,000 $ 600,000 600,000 $1,200,000 Required Using financial ratio analysis, prepare a report on how well Tech Inc. is doing in 2020.

3. You are given the following summarized financial statements of Tech Inc. for the year 2020. Tech Inc. Required Using financial ratio analysis, prepare a report on how well Tech Inc. is doing in 2020