Complete the table below using the preceding statements. Analyze Zoro's financial condition as it relates to :

1)Liquidity

2)Asset management

3)Debt Management

4)Profitability

The financial statements of Zoco Industries for the year ended Dec 31, 2020, are given below. Required: Complete the table below using the preceding statements. Analyze Zorg's Zoro, Industries financial condition as it relates to: Income Statement 1} Liquidity For the year Ended Dec. 31, 2020 Asset management Debt Management Sales Revenue P160.900,00 41 Profitability Less: Cost of Goods Sold 105 000.00 Gross Profit 54,000.00 Less: Operating Expenses Ratio Industry Actual 2020 Actual 2021 Selling Expense 16,000.00 Average General and Administrative Expenses 10,000.00 Current ratio 1.80 1.84 Lease Expense 1,000.00 Quick Ratio .70 .78 Depreciation Expense 10 000.00 Inventory Turnover 2.5 2.59 Total Operating Expenses 37,000.00 Average Collection period 37 days 36 days Operating Profit 17,000.00 Debt-Equity ratio 50% 519 Less: Interest Expense 6.100.00 Times Interest Earned 3.8 4.0 Net Profit Before Taxes 10,900.00 Gross Profit Margin 38%% 40% Less: Taxes 4.360.00 Net Profit Margin 3.59 3.69 Net Profit After Taxes 6 540.00 Return on Total Assets 4.09 4.09 Return on Equity 19.5% 8.0%% Zoro Industries Balance Sheet December 31, 2020 Assets Cash 500.00 Marketable Securities 1,000.00 Accounts Receivable 25,000.00 Inventories 45 500.00 Total Current Assets P 72,000.00 Land 25,000.00 Buildings and Equipment 90,000.00 Less: Accumulated Depreciation 38 000.00 Net Fixed Assets P 78,000.00 TOTAL ASSETS P 150,000.00 Liabilities and Stockholders Equity Accounts Payable P 22,000.00 Notes Payable 47 000.00 Total Current Liabilities P 69,000.00 Long Term debt 22,950.00 Common Stock 31,500.00 Retained Earnings 26 550.00 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY P 150,000.00