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c14 q6 need help with all 7 parts Financial ratios: Financial leverage.The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate

c14 q6 need help with all 7 parts

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

$14,147,407

$13,567,042

Cost of goods sold

$-8,447,991

$-8,131,988

Selling, general, and administrative expenses

$-998,510

$-980,656

Depreciation

$-1,498,872

$-1,472,791

EBIT

$3,202,034

$2,981,607

Interest expense

$-375,350

$-355,321

Taxes

$-1,074,140

$-997,989

Net income

$1,752,544

$1,628,297

Right-click on the table and select Copy to Clipboard and then right-click thehighlighted texts in the popup dialogue box and select Copy in order to paste itscontents into aspreadsheet.

What is the debt ratio for 2014?

enter your response here

(Round to four decimal places.)

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