a.) What is the inventory turnover ratio for 2014 and 2013?

b.) What is the days' sales in inventory ratio for 2014 and 2013?

c.) What is the receivables turnover ratio for 2014 and 2013?

d.) What is the day's sales in recievables ratio for 2014 and 2013?

e.) What is the total assets turnover ratio for 2014 and 2013?

Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. 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 14,146,661 $ 13,567,633 -8,131,097 -8,448,452 $ Cost of goods sold Selling, general, and administrative expenses Depreciation $ -997,354 $ -1,497,404 $ -980,650 -1,471,865 $ EBIT 3,203,451 $ 2,984,021 Interest expense -375,993 $ -355,754 Taxes $ -1,074,434 $ -998,741 Net income $ 1,753,024 $ 1,629,526 Right click on the table and select Copy to clipboard and then riaht click the Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES ASSETS 2014 2013 Current assets Current liabilities Cash $ 190,019 $ 187,083 Accounts payable $ 1,546,668 $ 312,246 $ 1,456,062 332,862 Investments $ 181,847$ 121,226 Short-term debt $ $ $ 1,858,914 $ 1,788,924 Accounts receivable Inventory 668,376 $ 587,053 $ $ 631,337 Total current liabilities 564,711 Long-term liabilities 1,504,357 Debt Total current assets $ 1,627,295 $ $ 7,285,559 $ 1,463,875 $ Other liabilities $ Long-term assets Investments 6,604,9501 1,345,131 9,739,005 $ 3,054,869 $ $ 10,608,348 $ 2,827,774 Total liabilities 8,481,369 OWNERS' EQUITY $ Plant, property, and equipment Goodwill 8,496,368 $ 348,563 $ $ 346,774 Common stock $ 1,453,242 2,925,080 Intangible assets $ 1,158,606 $ 957,053 Retained earnings 1,458,245 $ 2,619,108 $ 4,077,353 $ $ Total owners' equity $ 4,378,322 TOTAL LIABILITIES TOTAL ASSETS $ 14,685,701$ 14,117,327 AND OWNERS' EQUITY $ 14,685,701 $ 14,117,327