Data Table X - !! Question ent analys al statemer ndustries' 2018 and 2019 the company's o B $160,000 106,300 $53,700 | (Rour over is Zach Industries Income Statement for the Year Ended December, 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses N Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes ction perio %. (Roy earnedral $16,300 10.100 1,040 9.800 $37.240 $16,460 6,500 $9.960 ginis Print Done r answerd Clear All Check atement analys nancial statemer Cach Industries' dition. Less: Taxes Net profits after taxes 4,360 $5,600 2018 and 2019 the company's overall ant ratio is tio is (Rour y tumover is collection perio Zach Industries Balance Sheet December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Net fixed assets Total aceste o is%. (Rou $470 1,020 25,400 45,600 $72.490 $26,500 90.000 38,400 $78,100 $150 590 erest earned rat et margin is Print Done et your answer ated - Question Data Table analys Tomorrow tatemer istries' 2018 and 201 the company's (Rour Er is WTLY Land $26,500 Buildings and equipment 90,000 Less: Accumulated depreciation 38,400 Net fixed assets $78,100 Total assets $150,590 Liabilities and Stockholders' Equity Accounts payable $22,300 Notes payable 47,200 Total current liabilities $69,500 Long-term debt $22,950 Common stock $31,100 Retained earnings $27,040 Total liabilities and stockholders' equity $150,590 *The firm's 3,400 outstanding shares of common stock closed 2019 at a price of $30 per share perio (Roy med rail Print Done swer Data Table 18 and 2019 company's ove (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Ratio Industry average Actual 2018 Actual 2019 Current ratio 1.80 1.84 Quick ratio 0.71 0.79 Inventory turnover 2.50 2.59 Average collection period" 38.4 days 37.4 days Debt ratio 65.1% 67.1% Times interest earned ratio 3.5 3.7 Gross profit margin 38% 40% Net profit margin 2.9% 3.0% Return on total assets 3.3% 3.3% Return on common equitiy 7.8% 6.3% Market/book ratio 1.6 1.7 *Based on a 365-day year and end-of-year figures Print Done CK Answer 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 b b. Analyze Zach Industries' financial condition as it is related to (1) liquidity, (2) activity, (3) debt, (4) profitability, and (5) market Summari financial condition. a. The current ratio is I. (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 net profit margin is %. (Round to one decimal place.) Click to select your answer(s) and then click Check Answer All parts showing Clear All o HW Score: 170,0 Instructor-created question Question Help 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) activity. (3) debt (6) profitability, and (5) market Summarize the company's overall financial condition The return on assets is % (Round to one decimal place) The return on common equity is % (Round to one decimal place) The earnings per share is $(Round to two decimal places) The price/earnings ratio 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 overal 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. Antal Click to select your answer(s) and then click Check Answer All parts showing Clear All Check Awe Question Help question 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. 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. B. Activity: Zach Industries' ability to convert assets into cash has deteriorated from 2018 to 2019. Examination into the cause of the 20.5-day increase in the average collection period is warranted. Inventory turnover has also decreased for the period under review and is fair compared to industry. The firm may be holding slightly excessive inventory C. Debt: Zach Industries' debt postion has improved since 2018 and is below average. Zach Industries ability to service interest payments has deteriorated and is below the industry average D. Profitability: Zach Industries has a superior net profit margin in comparison to average. The firm has lower than average operating expenses. The firm has a superior return on investment and return on equity in comparison to the industry and sholan upward trend. E. Market: Zach Industries increase in their market price relative to their earnings per share indicates that the firm's performance has been interpreted as more positive in 2019 than in 2018 and it is a little higher than the industry Click to select your answer(s) and then click Check Answer All parts showing Clear All Check