please answer a & b, thanks!!

Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2015, follow. Zach Industries Income Statement for the Year Ended December 31, 2015 $160,000 106,000 $ 54,000 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 $ 16,000 10,000 1,000 10,000 $ 37,000 $ 17,000 6,100 $ 10,900 4,360 $ 6,540 500 Zach Industries Balance Sheet December 31, 2015 Assets Cash 5 Marketable securities 1,000 Accounts receivable 25,000 Inventories 45,500 Total current assets $ 72,000 Land $ 26,000 Buildings and equipment 90,000 Less: Accumulated depreciation 38,000 Net fixed assets $ 78,000 Total assets $150,000 Liabilities and Stockholders' Equity Accounts payable $ 22,000 Notes payable 47,000 Total current liabilities $ 69,000 Long-term debt 22,950 Common stock 31,500 Retained earnings 26,550 Total liabilities and stockholders' equity $ 150,000 "The firm's 3,000 outstanding shares of common stock closed 2015 at a price of $25 per share. a. Use the preceding financial statements to complete the following table. Assume that the industry averages given in the table are applicable for both 2014 and 2015. Ratio Industry average Current ratio 1.80 Quick ratio 0.70 Inventory turnover 2.50 Average collection period 37.5 days Debt ratio 65% Times interest earned ratio Gross profit margin 38% Net profit margin Return on total assets 4.0% Return on common equity 9.5% Marketbook ratio 1.1 Based on a 365-day year and on end of year figures, Actual 2014 Actual 2015 1.84 0.78 2.59 36,5 days 67% 4.0 40% 4.0% 8.0% 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