Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2022, follow 2 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 it is related to (1) liquidity, (2) activity, (3) debt, (4) profitability, and (5) market. Summarize the company's overall financial condition. a. The current ratio is (Round to two decimal places.) The quick ratio is (Round to two decimal places.) The inventory turnover is . (Round to two decimal places.) The average collection period is days. (Round to one decimal place.) The debt ratio is %. (Round to one decimal place.) The times interest earned ratio is (Round to one decimal place.) The gross profit margin is %. (Round to one decimal place.) The net profit margin is %. (Round to one decimal place.) The return on assets is %. (Round to one decimal place) The return on common equity is %. (Round to one decimal place.) The market/book value is (Round to two decimal places.) $160,500 105,700 $54,800 for the Year Ended December, 31, 2022 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 $15,800 10,400 980 10,200 $37,380 $17,420 5,900 $11,520 4,300 $7,220 the icon here in order to copy the contents of the data table below into a dsheet.) Zach Industries Balance Sheet December 31, 2022 Assets Cash Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Net fixed assets Total assets $450 1,000 24,600 45,300 $71,350 $26,100 90,200 37,500 $78,800 $150,150 Liabilities and Stockholders' Equity Accounts payable $22,200 Notes payable 46,800 Total current liabilities $69,000 Long-term debt $22,930 Common stock* $31,100 Retained earnings $27,120 Total liabilities and stockholders' equity $150, 150 *The firm's 2,600 outstanding shares of common stock closed 2022 at a price of $25 per share