HIK Inc. presents the following financial statements for the year ended June 30, 2023.

Balance Sheet as of June 30, 2023

• Cash: $270,000
• Accounts Receivable: $460,000
• Inventory: $530,000
• Prepaid Expenses: $70,000
• Property, Plant, and Equipment (Net): $1,800,000
• Total Assets: $3,130,000

Liabilities and Equity

• Accounts Payable: $330,000
• Short-term Loans: $240,000
• Long-term Debt: $950,000
• Common Stock: $1,300,000
• Retained Earnings: $310,000
• Total Liabilities and Equity: $3,130,000

Income Statement for the year ended June 30, 2023

• Revenue: $3,400,000
• Cost of Goods Sold: $2,100,000
• Operating Expenses: $850,000
• Interest Expense: $70,000
• Taxes (28%): $98,000
• Net Profit: $282,000

Evaluate HIK Inc.'s financial performance in terms of (i) liquidity, (ii) solvency, (iii) profitability, and (iv) efficiency.