HIJ Food & Beverage

Financial Data for 2023 (in $000):

Item	Amount
Cash	30,000
Accounts Receivable	50,000
Inventory	25,000
Prepaid Expenses	5,000
Total Current Assets	110,000
Property, Plant & Equipment	190,000
Total Assets	300,000
Accounts Payable	40,000
Short-term Debt	25,000
Other Current Liabilities	10,000
Total Current Liabilities	75,000
Long-term Debt	120,000
Equity	105,000
Total Liabilities and Equity	300,000

Income Statement for 2023 (in $000):

Item	Amount
Sales	500,000
Cost of Goods Sold	300,000
Gross Profit	200,000
Operating Expenses	80,000
Interest Expense	25,000
Net Income Before Taxes	95,000
Taxes	19,000
Net Income	76,000

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 operational efficiency can influence profitability.