5. 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?

$ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,563 $ 13,566,816 Cost of goods sold $ -8,447,758$ -8,132,043 Selling, general, and administrative expenses $ -998,903 $ -981,691 Depreciation $ -1,497,355 $ -1,472,015 EBIT $ 3,202,547 $ 2,981,067 Interest expense $ -375,202 $ -354,837 Taxes $ -1,074,391 $ -997,967 Net income $ 1,752,954 $ 1,628,263 ASSETS 2014 2013 Current assets Cash $ $ Investments $ 5 A 1,545,975 $ 311,040 $ 1,857,015 $ 1,456,076 333,311 1,789,387 GA $ A Accounts receivable Inventory GA Total current assets S Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,348$ 187,165 Accounts payable 180,717 $ 120,125 Short-term debt 667,714 $ 631,564 Total current liabilities 588,719 $ 563,022 Long-term liabilities 1,627,498 $ 1,501,876 Debt Other liabilities 3,053,219 $ 2,828,252 Total liabilities 8,496,731 $ 8,480,741 OWNERS' EQUITY 348,677 $ 347,104 Common stock 1,157,685 $ 957,797 Retained earnings Total owners' equity TOTAL LIABILITIES 14,683,810 $ 14,115,770 AND OWNERS' EQUITY $ 7,286,712 5 1,462,025 $ $ 10,605,7525 6,604,900 1,346,604 Long-term assets Investments $ 9,740,891 Plant, property, and equipment S Goodwill Intangible assets $ GA $ $ 1,457,619 $ 2,620,439 $ 4,078,058 $ 1,453,060 2,921,819 $ $ 4,374,879 TOTAL ASSETS S 14,683,810 $ 14,115,770