3. You are given the following summarized financial statements of Tech Inc. for the year 2020. Sales revenuc 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 Liabilitics & Equity Current liabilitics Long-term liabilitics Total liabilitics Tech Inc. Balance Sheet as at End of 2020 $ Accumulated depreciation $1,950,000 300,000 Equity: Common shares Retained carnings 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.