Data for Obras Corporation in 2014 and 2013 follow. These data should be used in conjunction with the data in P1.

In P1, Obras Corporation€™s condensed comparative income statements and comparative balance sheets for 2014 and 2013 follow.

Selected balances at the end of 2012 were accounts receivable (net), $206,800; inventory, $547,200; total assets, $1,465,600; accounts payable, $386,600; and stockholders€™ equity, $641,200. All of Obras€™s notes payable were current liabilities; all its bonds payable were long-term liabilities.
Required
Perform a comprehensive ratio analysis following the steps outlined below. (Round to one decimal place.)
1. Prepare a 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, and (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, and (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 a market strength analysis 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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2014 Net cash flows from operating activities Net capital expenditures Dividends paid Number of common shares Market price per share $(196,000) $40,000 $44,000 40,000 536 2013 $144,000 $65,000 34 400 40,000 S60 Obras Corporation Comparative Income Statements For the Years Ended December 31, 2014 and 2013 2014 2013 Net sales Cost of goods sold Gross margin Operating expenses: 3,276,800 2,088,800 $1,188,000 $3,146,400 2,008,400 $1,138,000 518,000 423,200 941,200 196,800 39,200 $ 157,600 56,800 $100,800 $ 2.52 Selling expenses 476,800 447,200 924,000 $264,000 65,600 S 198,400 62,400 S 136,000 S 340 Administrative expenses Total operating expenses Income from operations Interest expense Income before income taxes Income taxes expense Net income Ear nings per share Comparative Balance Sheets December 31, 2014 and 2013 2014 2013 Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets 81,200 235,600 574,800 750,000 $1,641,600 S 40,800 229,200 594,800 720,000 1,584800 Accounts payable Notes payable (short-term) Bonds payable Common stock, $10 par value Retained earnings Total liabilities and stockholders' equity Liabilities and Stockholders' Equity $ 267,600 200,000 400,000 400,000 374,000 $1,641,600 S 477,200 400,000 400,000 307,600 1,584800