Below is selected financial information on Blackburn Limited: ho Balance Sheet - Blackburn Limited, 2019 Cash $ 50,000 Accounts payable $ 500,000 A/R 600,000 Long term debt 700,000 Inventories 450,000 Common stock 200,000 Net fixed assets 600,000 Retained earnings 300,000 Total assets $1,700,000 Total liabilities & equity $1,700,000 Sales: $3,200,000 Tax rate: 25% Profit margin: 7% Cost of debt: 10% As part of Blackburn's corporate strategy, the company wishes to increase its net profit margin by 1%. It plans on doing this by reducing inventory and accounts receivable and using the freed up cash to pay down some long-term debt. What will be Blackburn's total debt ratio if it implements this plan? (Assume sales are not affected.) What will be Blackburn's current ratio after it reduces its inventory and accounts receivable as in part a? Briefly explain whether you think it is reasonable that Blackburn will be able to improve profits by reducing inventory and accounts receivable without it affecting sales