McDaniel's Place has selected financial ratios for 20X1-20X3 as follows: Sales the three years were $1 million, $1.2 million, and $1.4 million, respectively. Assume total assets did not change during 20X3. Determine the total debt at the end of 20X3. If cost of sales were 10 percent of total sales, what was the average inventory for 20X3? Comment on the changing liquidity of McDaniel's Place over the three-year period Comment on the changing solvency of this business over the three-year period