Financial statement analysis . The financial statements of Zach Industries for the year ended December 31, 2022, folow a. Use the financial statements to complete the following table. Assume the industry averages given in the table are applicable for both 2021 and 2022. b. Analyze Zach Industries' financial condition as t is related to (1) liquidity, (2) activity. (3) debt (4) profitability, and (5) market. Summarize the compary's overall financial condition. a. The current ratio is (Round to two decimal places) Zach Industries Income Statement for the Year Ended December, 31, 2022 \begin{tabular}{lr} \hline Sales revenue & $159,700 \\ Less: Cost of goods sold & 106,500 \\ \cline { 2 - 2 } Gross profits & $53,200 \\ Less: Operating expenses & $15,700 \\ Selling expense & 10,200 \\ General and administrative expenses & 980 \\ Lease expense & 9,900 \\ Depreciation expense & $36,780 \\ Total operating expense & $16,420 \\ Operating profits & 5,700 \\ Less: Interest expense & $10,720 \\ Net profits before taxes & 4,320 \\ Less: Taxes & $6,400 \\ Net profits after taxes & \end{tabular} Lacn inaustries Balance sneet (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Data table (Click the icon here p in order to copy the contents of the data table below into a spreadsheet.)