Based on these ratios, would you recommend a buy, hold or sell strategy for shares in Company X? Please include relevant analysis of the ratios and reasons for your recommendation.

Liquidity

Current Ratio 1.3 times

Acid Test Ratio 0.3

Working Capital Management

Days' Inventory held 58 days

Day's Creditors 37 days

Days' Debtors 3 days

Financial Structure

Net Debt / Equity Ratio 57%

Long term debt to total debt 100%

Debt Protection

Net interest cover 28.6

Debt to gross cash flow ratio 2 years

Profitability

Return on equity 18.90%

Return on assets 12.90%

EBIT margin 5.40%

NPAT margin 2.90%

Financial gearing profitability ratio 61.40

Earnings per share 145.7 cents

Price earnings ratio(PER) 16

Dividend per share 121.0 cents

Dividend Yield 5.20%

Dividend Cover 1.2 times

NTA per share $3.02

Cash flow per share 1.72 cents