Question
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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