Financial statement analysis The financial statements of Zach Industries for the year ender 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 (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 i. (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.) 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. (Select all the answers that apply.) A. Liquidity: Zach Industries' liquidity position has deteriorated from 2018 to 2019 and is inferior to the industry average. The firm may not be able to satisfy short-term obligations as they come due. review and is fair compared to industry. The firm may be holding slightly excessive inventory. C. Debt: Zach Industries' debt position has improved since 2018 and is below average. Zach Industries' ability to service interest payments has deteriorated and is below the industry average. superior return on investment and return on equity in comparison to the industry and shows an upward trend. Financial statement analysis The financial statements of Zach Industries for the year ender 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 (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 i. (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.) 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. (Select all the answers that apply.) A. Liquidity: Zach Industries' liquidity position has deteriorated from 2018 to 2019 and is inferior to the industry average. The firm may not be able to satisfy short-term obligations as they come due. review and is fair compared to industry. The firm may be holding slightly excessive inventory. C. Debt: Zach Industries' debt position has improved since 2018 and is below average. Zach Industries' ability to service interest payments has deteriorated and is below the industry average. superior return on investment and return on equity in comparison to the industry and shows an upward trend