\begin{tabular}{lrlr} Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) \\ Cash & $225,000 & Accounts payable & $600,000 \\ Receivables & 1,575,000 & Notes payable & 100,000 \\ Inventories & 1,125,000 & Other current liabilities & 525,000 \\ Total current assets & $2,925,000 & Total current liabilities & $1,225,000 \\ Net fixed assets & 1,350,000 & Long-term debt & 400,000 \\ & & Common equity & 2,650,000 \\ Total assets & $4,275,000 & Total liabilities and equity & $4,275,000 \end{tabular} \begin{tabular}{lr} Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) \\ Sales \\ Cost of goods sold \\ Selling, general, and administrative expenses \\ Earnings before interest and taxes (EBIT) & 9375,000 \\ Interest expense & $192,000 \\ Earnings before taxes (EBT) & 40,000 \\ Federal and state income taxes (25\%) & $152,000 \\ Net income & $38,000 \\ \end{tabular} Using the information from Question 2, outline Lozano's strengths and weaknesses compared to the industry average. Use the editor to format your