Tuxedo Corporation€™s condensed comparative income statements and balance sheets follow. All figures are given in thousands of dollars, except earnings per share.

Additional data for Tuxedo in 2014 and 2013 follow.

Balances of selected accounts at the end of 2012 were accounts receivable (net), $52,700; inventory, $99,400; accounts payable, $64,800; total assets, $647,800; and stockholders€™ equity, $376,600. All of the bonds payable were long-term liabilities.

Required
Perform the following analyses. (Round to one decimal place.)
1. Prepare an operating asset management analysis by calculating for each year the
(a) Current ratio,
(b) Quick ratio,
(c) Receivables turnover,
(d) Days€™ sales uncollected,
(e) Inventory turnover,
(f) Days€™ inventory on hand,
(g) Payables turnover,
(h) Days€™ payable,
(i) Financing period.
2. Prepare a profitability and total asset management analysis by calculating for each year the
(a) Profit margin,
(b) Asset turnover,
(c) Return on assets.
3. Prepare a financial risk analysis by calculating for each year the
(a) Debt to equity ratio,
(b) Return on equity,
(c) Interest coverage ratio.
4. Prepare a liquidity analysis by calculating for each year the
(a) Cash flow yield,
(b) Cash flows to sales,
(c) Cash flows to assets,
(d) Free cash flow.
5. Prepare an analysis of market strength by calculating for each year the
(a) Price/earnings (P/E) ratio
(b) Dividend yield.
6. After making the calculations, indicate whether each ratio improved or deteriorated from 2013 to 2014 (use F for favorable and U for unfavorable and consider changes of 0.1 or less to beneutral).

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Tuxedo Corporation Comparative Income Statements For the Years Ended December 31,2014 and 2013 2014 800,400 454,100 $346,300 2013 Net sales Cost of goods sold Gross margin Operating expenses: 742,600 396,200 $346,400 $104,600 115,500 $220,100 $126,300 20,000 $106,300 35,000 71,300 5 4.76 Selling expenses $130,100 140,300 $270,400 75,900 25,000 50,900 14,000 36,900 5 2.46 Administrative expenses Total operating expenses Income from operations Interest expense Income before income taxes ncome taxes expense Net income Earnings per share Tuxedo Corporation Comparative Balance Sheets December 31, 2014 and 2013 2014 2013 Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets 31,100 72,500 122,600 577,700 $803,900 S 27,200 42,700 107,800 507,500 $685,200 Liabilities and Stockholders' Equity Accounts payable Notes payable (short-term) Bonds payable Common stock, $10 par value Retained earnings Total liabilities and stockholders' equity 104,700 50,000 200,000 300,000 149,200 $803,900 72,300 50,000 110,000 300,000 152,900 $685,200 Net cash flows from operating activities Net capital expenditures Dividends paid Number of common shares Market price per share 2014 $64,000 $119,000 $31400 30,000 2013 99,000 S38,000 $35,000 30,000 $80 $120