$159.500 106,000 $53,500 Zach Industries Income Statement for the Year Ended December, 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes $ 16,500 9.500 990 9.900 $36.890 $16.610 6.000 $10.610 Print Done Net profits before taxes Less: Taxes Net profits after taxes $10,610 4,320 $6,290 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Zach Industries Balance Sheet December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less Accumulated depreciation Net fixed assets $500 960 24.800 46,000 S72 260 $26.500 90 300 88/200 $78.600 Evo Buildings and equipment Less: Accumulated depreciation Net fixed assets Total assets 90,300 38,200 $78,600 $150,860 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Liabilities and Stockholders' Equity Accounts payable $22.400 Notes payable 47.100 Total current liabilities $69.500 Long-term debt $22.970 Common stock $31.700 Retained earnings $26,690 Total liabilities and stockholders' equity $150,860 *The firm's 3.400 outstanding shares of common stock closed 2019 at a price of $32 per share. (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Actual 2019 Ratio Industry average Current ratio 1.80 Quick ratio 0.70 Inventory turnover 2.47 Average collection period 37.3 days Debt ratio 65.0% Times interest earned ratio 38 Gross profit margin 38% Net profit margin 3.3% Return on total assets 3.8% Return on common equitiy 9.0% Market/book ratio 1.7 Based on a 365-day year and end-of-year figures Actual 2018 1.84 0.78 2.56 36.3 days 67.0% 4.0 40% 3.4% 3.8% 7.5% 1.8 FIN 315 2022 Spring 61010-59 Homework HW Chs Zoria Jones 0127/229.00 PM Question 4, P3-24 (similar to dalis. The colch 2011 accio 120 yer Zaches to contenus id met She company's maid card HW Score: 12.225.20.33 of 240 points Points of 10 Save There is som