Strengths: The firm’s fixed assets turnover was above the industry average. However, if the firm’s assets were older than other firms in its industry this could possibly account for the higher ratio. (D’Leon’s fixed assets would have a lower historical cost and would have been depreciated for longer periods of time.) The firm’s profit margin is slightly above the industry average, and its debt ratio has been greatly reduced, so it is now below the industry average (which is good). This improved profit margin could indicate that the firm has kept operating costs down as well as interest expense (as shown from the reduced debt ratio). Interest expense is lower because the firm’s debt ratio has been reduced, which has improved the firm’s TIE ratio so that it is now above the industry average.