Actual 2018 Actual 2019 Ratio Current ratio Quick ratio Inventory turnover Average collection period Debt ratio Times interest earned ratio Gross profit margin Net profit margin Return on total assets Return on common equity Market/book ratio Industry average 1.80 0.70 2.50 37.5 days 65% 3.8 38% 3.5% 4.0% 9.5% 1.1 1.84 0.78 2.59 36.5 days 67% 4.0 40% 3.6% 4.0% 8.0% 1.2 Based on a 365-day year and on end-of-year figures. b. Analyze Zach Industries' financial condition as it is related to (1) liquidity (2) activity, (3) debt, (4) profitability, and (5) market. Summarize the company's overall financial condition. Actual 2018 Actual 2019 Ratio Current ratio Quick ratio Inventory turnover Average collection period Debt ratio Times interest earned ratio Gross profit margin Net profit margin Return on total assets Return on common equity Market/book ratio Industry average 1.80 0.70 2.50 37.5 days 65% 3.8 38% 3.5% 4.0% 9.5% 1.1 1.84 0.78 2.59 36.5 days 67% 4.0 40% 3.6% 4.0% 8.0% 1.2 Based on a 365-day year and on end-of-year figures. b. Analyze Zach Industries' financial condition as it is related to (1) liquidity (2) activity, (3) debt, (4) profitability, and (5) market. Summarize the company's overall financial condition