1.

P14-11 (similar to)

Financial ratios: Asset management.The financial statements for Tyler Toys, Inc. are shown in the popup window:

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. Calculate the inventory turnover, days' sales in inventory, receivables turnover, days' sales in receivables, and total asset turnover for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?

What is the inventory turnover ratio for 2014?

nothing

(Round to four decimal places.)

Enter your answer in the answer box and then click Check Answer.

2.

P14-12 (similar to)

Financial ratios: Profitability.The financial statements for Tyler Toys, Inc. are shown in the popup window:

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. Calculate the profit margin, return on assets, and return on equity for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?

What is the profit margin for 2014?

nothing%

(Round to two decimal places.)

Enter your answer in the answer box and then click Check Answer.