The trial balance of LMN Company as of December 31, 2023, presents the following account balances:

Account	Debit ($)	Credit ($)
Cash	$50,000	-
Accounts Receivable	$35,000	-
Inventory	$25,000	-
Prepaid Expenses	$4,000	-
Equipment	$120,000	-
Accumulated Depreciation	-	$15,000
Accounts Payable	-	$20,000
Salaries Payable	-	$5,000
Common Stock	-	$60,000
Retained Earnings	-	$30,000
Sales Revenue	-	$180,000
Cost of Goods Sold	$70,000	-
Rent Expense	$12,000	-
Salaries Expense	$35,000	-
Utilities Expense	$6,000	-
Depreciation Expense	$6,000	-
Interest Expense	$2,500	-
Income Tax Expense	$10,000	-

a. Calculate the Inventory Turnover Ratio and discuss its implications for inventory management. b. Compute the Debt-to-Equity Ratio and explain its significance in assessing financial leverage. c. Analyze the Gross Profit Margin and discuss how it reflects the company’s pricing strategy and cost management.