PLEASE ANSWER WITH THE CELL EXCEL FORMULA

1. Compute and interpret financial ratios that managers use to assess liquidity. 2. Compute and interpret financial ratios that managers use for asset management purposes. 3. Compute and interpret financial ratios that managers use for debt management purposes Selected Financial Ratios - Excel ? - FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Tables 1 lustrations Apps for Recommended PivotChart Power Sparklines Filters Links Text Office - Charts View Apps Charts Reports A1 X V E Recent financial statements for Zimmer, Inc. are as follows: A B E ecent financial statements for Zimmer, Inc. are as follows: Zimmer Company Zimmer Company Comparative Balance Sheet Income Statement This Year Last Year This Year issets furrent assets: Cash S 360 000 5 310,000 Sales (all on account) $4,980,000 Marketable securities 220.000 80,000 Cost of goods sold 2.988,000 Accounts receivable, net 775,000 700,000 Gross margin 1,992,000 10 Inventory 925,000 750,000 Selling and administrative expenses 11 Other current assets 195 000 195.000 Operating expenses 985,500 12 btal current assets 2,495,000 2,095,000 Depreciation and amortization 410,500 13 lant and equipment, net 1,975,000 1,800,000 General and administrative expenses 150.000 14 Other assets 75 000 100 000 Total selling and administrative expenses 1 546.000 15 btal assets 4.895.000 5 3.835.000 Net operating income 446,000 16 iabilities and Stockholders' Equity Interest expense 50.000 17 Current Liabilities: Net income before taxes 386,000 18 Accounts payable 5 250 000 5 225,000 Income taxes 135,10019 Short-term bank loans 750.000 500 000 Net income 250 900 20 Accrued payables 550,000 395,000 21 Other current liabilities 275 000 223,400 Additional information: 22 otal current liabilities 1,825.000 1 443,400 Dividend per share paid in current year 100 londs payable, 10%% 575.000 400 000 Market price of shares at year end 42 00 btal liabilities 2.400 000 1 843 400 Par value of common stock per share 20.00 tockholders' equity: Common stock 1.150.000 1 150,000 Number of shares outstanding 27 Retained earnings 1 195.000 941.600 btal stockholders' equity 2.295 000 2.081 800 btal liabilities and stockholders' equity required: 32 compute the following ratios for the current year only: Gross margin percentage Current ratio (rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places] 36 Accounts receivable turnover (rounded to two decimal places 37 Average collection period (rounded to the nearest whole day) 38 Inventory turnover ratio (rounded to two decimal places] 39 Average sales period (rounded to the nearest whole day) 40 Debt-to-equity ratio (rounded to two decimal places] 41 Times interest earned (rounded to two decimal places] Sheet1Book value per share (rounded to two decimal places Earnings per share (rounded to two decimal places) 14 Dividend payout ratio (rounded to three decimal places] 45 Dividend yield ratio (rounded to three decimal places 46 Price-earnings ratio (rounded to two decimal places) 47 50