2. A five-year summary of key financial data for a construction form is shown below. Evaluate and analyze the performance of this company during the period. What actions, if any, should be taken to improve the company's position? (000's) 2015 2017 2018 2019 2016 Sales 2,460 2,560 2,830 2,835 2.850 % Sales Growth 4 10,5 1 1 Labor 800 820 780 810 900 Material 925 900 1,010 1,010 1,040 Subcont. 500 550 720 765 680 Gross Margin 235 290 320 250 230 Gross Margin% 9.5 11.3 11.3 8.8 8.0 G&A 133 172 202 218 220 G&A % sales 5.4 6.7 7.1 7.7 7.7 Income before tax 102 118 118 32 10 Income before tax6 41 4.6 1.1 0.4 Admin. Salary 24 27 32 38 39 Assets 800 812 830 850 830 Sales to Assets 3.07 3.15 3.4 3.33 3.43 350 287 285 Equity 280 205 Sales to Equity 7.03 8.92 9.93 10.12 13.9 Current Assets 520 532 475.8 510 511.5 Investments 100 110 120 110 120 Property&Equip. 280 280 354.2 360 338.5 Accu. Depr 100 110 120 130 140 Current Liab 325 380 390 425 465 Long term Liab. 125 145 155 145 160 Current Ratio 1.6 14 122 1.2 1.1 Debt to Equity 1.28 1.83 1.91 2.04 3.04 Income to Equity % 29.1 411 414 11.4 4.8 Income to Assets % 12.7 145 142 3.8 12 Sales to Cur. Assets 4.73 4.81 5.94 5.56 5.57