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Score: 0 of 1 pt 5 of 8 (2 complete) HW Score: 21.96%, 1.76 of 8 pts P3-24 (similar to) E Question Help Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2019, follow a. Use the financial statements to complete the following table Assume the industry averages given in the table are applicable for both 2018 and 2019. b. Analyze Zach Industries financial condition as it is related to (1) liquidity, (2) activity. (3) debt, (4) profitability, and (6) market Summarize the company's overall financial condition a. The current ratio is (Round to two decimal places) is The financial statements of Zach Industries for the year ended December 31, 2019, follow ate to complete the following table Assume the industrie ARDGAS Diven in the table are ant Data Table (Click the icon here in order to copy the contents of the data table below into a spreadshe Actual 201 Ratio Industry average Current ratio 1.81 Quick ratio 0.71 Inventory turnover 2.49 Average collection periodo * 38.0 days Debt ratio 64.8% Times interest earned ratio 3.6 Gross profit margin 38% Net profit margin 3.3% Return on total assets 3.7% Return on common equitiy 8.8% Market/book ratio 0.7 "Based on a 365-day year and end-of-year figures. Actual 2018 1.85 0.79 2.58 37.0 days 66.8% 3.8 40% 3.4% 3.7% 7.3% 0.8 Print Done n the answer box and then click Check Answer. Clear All (5): 5 of 8 (2 complete) Data Table ck the icon here in order to copy the contents of the data table below into a spreadsheel $160,500 105,900 $54,600 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 Less: Taxes Net profits after taxes $16,400 10,500 1,000 9,700 $37,600 $17,000 6,500 $10,500 4,310 $6 190 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) 5 . 6 Print Done Data Table Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Net fixed assets Total assets 980 25,300 45,600 $72,360 $25,900 89,500 37,600 $77,800 $150, 160 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Liabilities and Stockholders' Equity Accounts payable $22,300 Notes payable 46,500 Total current liabilities $68,800 Long-term debt $22.990 Common stock $31,300 Retained earnings $27,070 Total liabilities and stockholders' equity $150.160 *The firm's 2,500 outstanding shares of common stock closed 2019at a price of $20 per share. Print Done Score: 0 of 1 pt 5 of 8 (2 complete) HW Score: 21.96%, 1.76 of 8 pts P3-24 (similar to) E Question Help Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2019, follow a. Use the financial statements to complete the following table Assume the industry averages given in the table are applicable for both 2018 and 2019. b. Analyze Zach Industries financial condition as it is related to (1) liquidity, (2) activity. (3) debt, (4) profitability, and (6) market Summarize the company's overall financial condition a. The current ratio is (Round to two decimal places) is The financial statements of Zach Industries for the year ended December 31, 2019, follow ate to complete the following table Assume the industrie ARDGAS Diven in the table are ant Data Table (Click the icon here in order to copy the contents of the data table below into a spreadshe Actual 201 Ratio Industry average Current ratio 1.81 Quick ratio 0.71 Inventory turnover 2.49 Average collection periodo * 38.0 days Debt ratio 64.8% Times interest earned ratio 3.6 Gross profit margin 38% Net profit margin 3.3% Return on total assets 3.7% Return on common equitiy 8.8% Market/book ratio 0.7 "Based on a 365-day year and end-of-year figures. Actual 2018 1.85 0.79 2.58 37.0 days 66.8% 3.8 40% 3.4% 3.7% 7.3% 0.8 Print Done n the answer box and then click Check Answer. Clear All (5): 5 of 8 (2 complete) Data Table ck the icon here in order to copy the contents of the data table below into a spreadsheel $160,500 105,900 $54,600 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 Less: Taxes Net profits after taxes $16,400 10,500 1,000 9,700 $37,600 $17,000 6,500 $10,500 4,310 $6 190 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) 5 . 6 Print Done Data Table Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Net fixed assets Total assets 980 25,300 45,600 $72,360 $25,900 89,500 37,600 $77,800 $150, 160 (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Liabilities and Stockholders' Equity Accounts payable $22,300 Notes payable 46,500 Total current liabilities $68,800 Long-term debt $22.990 Common stock $31,300 Retained earnings $27,070 Total liabilities and stockholders' equity $150.160 *The firm's 2,500 outstanding shares of common stock closed 2019at a price of $20 per share. Print Done
