6.

Calculate the debt ratio, times interest, earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler toys. Should any of these ratios or the change in ratio warrant concern for the managers of Tyler Toys or shareholders?

WHat is the debt ratio for 2014 and 2013 ? (Round to four decimal places

What is the times interest earned ratio for 2014 and 2013? (Round to four decimal places

What is the times interest earned ratio for 2014 and 2013? (Round to four decimal places)

What is the cash coverage ratio for 2014 and 2013?

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,850 $ 13,566,015 Cost of goods sold $ -8,448,081 $ -8,132,247 Selling, general, and administrative expenses $ -998,676 $ -981,420 Depreciation -1,498,927 $ -1,471,167 |EBIT $ 3,202,166 $ 2,981, 181 Interest expense $ -375,632 $ -354,008 Taxes $ -1,074,083 $ -998,326 Net income $ 1,752,451 $ 1,628,847 $ A A A A A A GA Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 190,383 $ 187,651 Accounts payable 1,546,386 5 1,457,000 Investments $ 180,380 $ 120,890 Short-term debt 312,233 $ 332,260 Accounts receivable $ 668,812 5 630,949 Total current liabilities $ 1,858,619 $ 1,789,260 Inventory 587,084 S 563,976 Long-term liabilities Total current assets 1,626,659 $ 1,503,466 Debt 7,285,990 $ 6,604,836 Long-term assets Other liabilities $ 1,462,852 $ 1,346,134 Investments $ 3,054,757 2,827,910 Total liabilities $ 10,607,461 S 9,740,230 Plant, property, and equipments 8,497,457 $ 8,480,008 OWNERS' EQUITY Goodwill $ 347,435 $ 346,411 Common stock 1,457,290$ 1,454,460 Intangible assets $ 1,157,547 $ 956,994 Retained earnings $ 2,619,1045 2,920,099 Total owners' equity $ 4,076,394 $ 4,374,559 TOTAL LIABILITIES TOTAL ASSETS 14,683,855 $ 14,114,789 AND OWNERS' EQUITY 14,683,855 $ 14,114,789 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 order to paste its contents into a spreadsheet $ $