Below is selected financial information on Gentex Limited: Balance Sheet - Gentex Limited, 2018 Cash A/R Inventories Net fixed assets Total assets S 50,000 Accounts payable 600,000 Long term debt 450,000 Common stock 600,000 Retained earnings $1,700,000 Total liabilities & equity $ 500,000 700,000 200,000 300.000 $1,700,000 Sales $3,200,000 Tax rate 25% Profit margin 7% Cost of debt 10% a. As part of Gentex'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 Gentex's total debt ratio if it implements this plan? (Assume sales are not affected.) (3 Marks) b. What will be Gentex's current ratio after it reduces its inventory and accounts receivable as in part a? (1 Mark) c. Briefly explain whether you think it is reasonable that Gentex will be able to improve profits by reducing inventory and accounts receivable without it affecting sales