You are given the following summarized financial statements of Tech Inc. for the year 2020. Tech Inc. Income Statement for 2020 Sales revenue Cost of goods sold & various operating expenses Depreciation Operating income Interest Income tax Net income Tech Inc. Balance Sheet as at End of 2020 Current assets: Cash Trade accounts receivable Inventory Long-term assets: At cost Accumulated depreciation Total assets Liabilities & Equity Current liabilities Long-term liabilities Total liabilities Equity: Common shares Retained earnings Total Liabilities & Equity $quad10,000 270,000 540,000 $820,000 $quad900,000 520,000 (380,000)/($1.2000,000) {:[$40","000],[quad60","000],[$600","000]:} S 100,000 500.000 600,000 $1.200.000 Required Using financial ratio analysis, prepare a report on how well trch inc. is doing in 2020