Financial Ratio Data Is Listed Below for Manchester Manufacturing Inc

Financial ratio data is listed below for Manchester Manufacturing Inc. $\begin{array}{|l|r|r|r|r|} \hline\text { Manchester Manufacturing Inc. Ratios}\\\hline\text { Ratio } & \text { Industry } & 20X9 & 20X 8 & 20X 7 \\ \hline \text { Current } & 1.20 & 1.18 & 1.20 & 1.35 \\\hline \text { Quick } & 0.20 & 0.18 & 0.21 & 0.26 \\\hline \text { Cash flow liquidity } & 0.50 & (0.11) & (0.09) & (0.05) \\\hline \text { Average collection period } & 4 \text { days } & 9 \text { days } & 8 \text { days } & 6 \text { days } \\\hline \text { Days inventory held } & 75 \text { days } & 106 \text { days } & 99 \text { days } & 90 \text { days } \\\hline \text { Days payable outstanding } & 10 \text { days } & 11 \text { days } & 12 \text { days } & 8 \text { days } \\\hline \text { Fixed asset turnover } & 11.30 & 8.84 & 8.89 & 8.95 \\\hline \text { Total asset turnover } & 2.50 & 2.20 & 2.27 & 2.42 \\\hline \text { Debt to equity } & 3.50 & 3.65 & 3.17 & 2.35 \\\hline \text { Times interest earned } & 2.40 & 1.72 & 2.00 & 2.23 \\\hline \text { Gross profit margin } & 23.10 \% & 21.21 \% & 22.39 \% & 23.52 \% \\\hline \text { Operating profit margin } & 2.00 \% & 3.05 \% & 2.86 \% & 2.52 \% \\\hline \text { Net profit margin } & 1.10 \% & 0.89 \% & 1.00 \% & 0.97 \% \\\hline \text { Cash flow margin } & 4.30 \% & (5.31 \% )& (5.15 \%) & (4.48 \%) \\\hline \text { Return on equity } & 11.04 \% & 9.14 \% & 9.51 \% & 7.88 \% \\\hline\end{array}$
Required: Prepare a list of strengths and weaknesses for the firm after analyzing the following ratios.