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 (5) market. Summarize the company's overall financial condition. a. The current ratio is 1.04 (Round to two decimal places.) The quick ratio is 0.40. (Round to two decimal places.) The inventory turnover is 2.33. (Round to two decimal places.) The average collection period is 57 days. (Round to one decimal place.) The debt ratio is 95.83% (Round to one decimal place.) EEB