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• Total assets: $180,000,000
• Total liabilities: $120,000,000
• Total equity: $60,000,000
• Net income for the year: $9,000,000
• Cash and cash equivalents: $35,000,000
• Accounts receivable: $40,000,000
• Inventory: $50,000,000
• Property, plant, and equipment: $80,000,000
• Long-term debt: $70,000,000
• Accounts payable: $30,000,000
• Accrued expenses: $15,000,000
• Revenue for the year: $300,000,000
• Cost of goods sold: $120,000,000
• Operating expenses: $70,000,000
• Income tax expense: $11,000,000

Analyze the financial performance of JKL Corporation and provide recommendations for improving its efficiency and reducing financial risk.