The condensed comparative income statement and balance sheets to Tola Corporation appear below and on the next page. All figures are given in thousands of dollars, except earnings per share. Additional data for the Tola Corporation in 2011 and 2010 are as follows:

Balance of selected accounts at the end 2009 were accounts receivable (net), $26,350; inventory, $49,700; accounts payable, $32,400; total assets, $323,900; and stockholders' equity, $88,300. All of the bonds payable were long-term

Required
Perform the following analyses. Round percentages and ratios to one decimal place.
1. Prepare a liquidity analysis by calculating for each year the
(a) Current ratio,
(b) Quick ratio,
(c) Receivable turnover,
(d) Day's sales uncollected,
(e) Inventory turnover,
(f) Day's inventory on hand,
(g) Payables turnover, and
(h) Day's payable.
2. Prepare a profitability analysis by calculating for each year the
(a) Profit margin,
(b) Asset turnover,
(c) Return on assets,
(d) Return on equity.
3. Prepare a long-term solvency analysis by calculating for each year the
(a) Debt to equity ratio and
(b) Interest coverage ratio.
4. Prepare a cash flows adequacy analysis by calculating for each year the
(a) cash flow yield,
(b) Cash flow to sales,
(c) Cash flows to assets, and
(d) Free cash flow.
5. Prepare an analysis of market strength by calculating for each year the
(a) Price/earnings (P/E) ration and
(b) Dividends yield.
6. After making the calculations, indicate whether each ratio improve or deteriorated from 2010 to 2011. (Use F for Favorable and U for unfavorable and consider changes of 0.1 or less to beneutral)

2011 2010 Net capital expenditures Dividends paid Number of common shares Market price per share Net cash flows from operaing acivities $32,000 $49,500 S59,500 S19,000 $15,700 $17,500 15,000 60 15,000 $40 Tola Corporation Comparatlve Income Statements For the Years Ended December 31, 2011 and 2010 2011 2010 400,200 $371,300 198,100 Net sales Cost of goods sold Gross margin Operating expenses 227,050 $173150 173,200 65,050 52,300 57,750 $110,050 37,950 63,150 10,000 Income before income taxes 25,450 53,150 17,500 18,450 35,650 Selling expenses Administrative expenses Total operating expenses 70,150 $135,200 12,500 7,000 Income from operations Interest expense Income taxes expense Net income Earnings per share Tola Corporation Comparative Balance Sheets December 31, 2011 and 2010 2011 2010 Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) 15,550 13,600 21350 53,900 253,750 $401,950 $342,600 36,250 61,300 288,850 Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Bonds payable Common stock, $10 par value Retained earnings Total liabilities and stockholders'equity 25,000 100,000 150,000 74,600 $401,950 52,350 36,150 25,000 55,000 150,000 76,450 $342,600