ZAB Corp. provides the following financial data for the year ended December 31, 2023.

Balance Sheet as of December 31, 2023

• Cash: $280,000
• Accounts Receivable: $470,000
• Inventory: $540,000
• Prepaid Expenses: $80,000
• Property, Plant, and Equipment (Net): $2,000,000
• Total Assets: $3,370,000

Liabilities and Equity

• Accounts Payable: $330,000
• Short-term Loans: $250,000
• Long-term Debt: $1,100,000
• Common Stock: $1,200,000
• Retained Earnings: $490,000
• Total Liabilities and Equity: $3,370,000

Income Statement for the year ended December 31, 2023

• Revenue: $3,600,000
• Cost of Goods Sold: $2,200,000
• Operating Expenses: $850,000
• Interest Expense: $80,000
• Taxes (30%): $138,000
• Net Profit: $332,000

Using the provided financial statements, evaluate the financial performance of ZAB Corp. from the points of view of (i) liquidity, (ii) solvency, (iii) profitability, and (iv) efficiency.