1. Compute and Interpret financial ratios that managers use to assess liquldity 2. Compute and interpret financial ratios that managers use for asset management purposes 3. Compute and Interpret financial ratos that managers use for debt management purposes. Selected Financial Ratios-Excel ??- FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VEW Sign In Calibri Paste B 1 u . -. e), ?. Alignment Number Corditonal Format as Cell Cells Editing Formatting- Table" Styles", I Font A7 1 Recent financial statements for Zimmer, Inc. are as follows Zimmer Company Comparative Balance Sheet Zimmer Company Income Statement This Year Last Year This Year 5 Assets 6 Current assets: 7 Cash 8 Marketable securities 9 Accounts receivable, net 10 Inventory 11 Other current assets 360,000 310,000 Sales (all on account 220,000 775,000700,000 Gross margin 925,000750,000 Selling and administrative expenses 355,000 $4,980,000 2,988,000 1,992,000 80,000 Cost of goods sold 195,000Operating expenses 985,500