5. Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup Window: 1. Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the current ratio for 2014? (Round to four decimal places.) What is the current ratio for 2013? (Round to four decimal places.) What is the quick ratio for 2014? (Round to four decimal places.) What is the quick ratio for 2013? (Round to four decimal places.) What is the cash ratio for 2014? (Round to four decimal places.) What is the cash ratio for 2013? (Round to four decimal places.) Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? (Select the best response.) O A. The ratios do not look reasonable and the managers of Tyler Toys should make the appropriate adjustments O B. The ratios look reasonable and the change shows improving liquidity for all ratios. OC. The ratios look reasonable and the change shows deteriorating liquidity for all ratios. D. The ratios look reasonable and the change shows improving liquidity for all ratios except the cash ratio. 0 Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,875 $ 13,567,127 Cost of goods sold $ -8,448,850 $ -8,132,979 Selling, general, and administrative expenses $ -998,845 $ -980,070 Depreciation $ -1,498,392 S -1,471,768 EBIT $ 3,200,788 $ 2,982,310 Interest expense $ -376,773 S -354,793 Taxes $ -1,073,126 % -998,456 Net income $ 1,750,889 $ 1,629,061 Right click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet. Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES | 2014 | 2013 Current assets Current liabilities Cash 191,227 $ 187,700 Accounts payable 1,546,271 $ 1,456,853 Investments 180,078 $ 120,233 Short-term debt $ 311,623 $ 333,715 Accounts receivable 667,144 $ 631,062 Total current liabilities $ 1,857,894 $ 1,790,568 Inventory 587,547 $ 564,636 Long-term liabilities Total current assets S 1,625,996 $ 1,503,631 Debt $ 7,285,565 $ 6,603,168 Long-term assets Other liabilities 1,462,134 $ 1,345,743 Investments $ 3,054,918 $ 2,827,277 Total liabilities $ 10,605,593 $ 9,739,479 Plant, property, and equipment S 8.496,007 $ 8,481,698 OWNERS' EQUITY Goodwill 348,106 $ 346,311 Common stock $ 1,458,760 $ 1,454,959 Intangible assets 1,158,766 $ 957,244 Retained earnings $ 2,619,440 $ 2,921,723 Total owners' equity $ 4,078,200 $ 4,376,682 TOTAL LIABILITIES TOTAL ASSETS $ 14,683,793 $ 14,116,161 AND OWNERS' EQUITY $ 14,683,793 $ 14,116,161 Right click on the table and select Conta Cilinhoard and then right-click the highlighted texts in the napun dialogue box and select Conv