Company: JKL Tech

Financial Data for 2023 (in $000):

Item	Amount
Cash	20,000
Accounts Receivable	50,000
Inventory	35,000
Prepaid Expenses	10,000
Total Current Assets	115,000
Property, Plant & Equipment	220,000
Total Assets	335,000
Accounts Payable	40,000
Short-term Debt	25,000
Other Current Liabilities	15,000
Total Current Liabilities	80,000
Long-term Debt	100,000
Equity	155,000
Total Liabilities and Equity	335,000

Income Statement for 2023 (in $000):

Item	Amount
Sales	550,000
Cost of Goods Sold	330,000
Gross Profit	220,000
Operating Expenses	110,000
Interest Expense	25,000
Net Income Before Taxes	85,000
Taxes	17,000
Net Income	68,000

Requirements:

1. Calculate the Current Ratio and Quick Ratio.
2. Compute the Debt-Equity Ratio.
3. Determine the Gross Profit Margin and Net Profit Margin.
4. Calculate the Asset Turnover Ratio and Inventory Turnover Ratio.
5. Explain how asset management efficiency is important for the company.