Analyzing Strengths and Weaknesses Financial ratio data is listed below for Gallery of Dreams.

Construct a list of at least 4 strengths and 4 weaknesses for the firm after analyzing the ratios.

Gallery of Dreams Ratios Ratio Industry 2015 2014 2013 Current 2.50x 4.48x 4.06x 3.48x Quick 0.80x 1.47x 1.18x 0.96x Average collection period 11 days 16 days 15 days 9 days Inventory turnover 2.30x 1.19x 1.24x 1.37x Days payable outstanding 15 days 11 days 12 days 8 days Fixed asset turnover 17.50x 9.74x 9.09x 8.85x Total asset turnover 2.80x 1.50x 1.67x 1.82x Debt ratio 62.00% 29.47% 34.04% 39.17% Long term debt to total capitalization 25.53% 14.09% 18.91% 22.33% Times interest earned 9.93x 22.02x 19.00x 14.23x Fixed charge coverage 8.69x 4.59x 4.47x 4.25x Gross profit margin 31.10% 59.21% 59.39% 58.52% Operating profit margin 8.06% 22.05% 21.86% 20.52% Net profit margin 4.32% 11.89% 11.00% 10.97% Return on investment 9.21% 17.97% 18.28% 18.35% Return on equity 11.34% 24.14% 27.51% 29.88