Baghdad Construction Company, a leading construction firm in Iraq, provides its financial statements for the year ended December 31, 2023, including the balance sheet, income statement, and statement of cash flows. The balance sheet reveals total assets of IQD 150,000,000, total liabilities of IQD 50,000,000, and shareholders' equity of IQD 100,000,000. The income statement shows sales revenue of IQD 200,000,000, cost of goods sold of IQD 120,000,000, and net income of IQD 30,000,000. Analyze the financial statements to evaluate the company's profitability, liquidity, and solvency. Identify key financial ratios and trends, and provide insights into the company's financial performance and position.