Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the current ratio for 2014? (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,605 $ 13,567,093 -8,448,949 $ -8,131,386 Cost of goods sold Selling, general, and administrative expenses Depreciation -998,864 $ -981,812 -1,498,659 $ -1,471,751 $ $ EBIT 3,200,133$ 2,982,144 Interest expense -376,454 $ -355,812 Taxes -1,072,998 $ -998,006 Net income $ 1,750,681 $ 1,628,326 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. 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 $ 191,423$ 187,744 Accounts payable $ 1,545,279 $ 1,455,599 Investments $ 180,871 $ 121,939 Short-term debt $ 312,348$ 333,227 Accounts receivable $ 668,193 $ 631,783 Total current liabilities $ 1,857,627 $ 1,788,826 Inventory $ 588,649 $ Total current assets $ 1,629,136 $ 563,316 Long-term liabilities 1,504,782 Debt Other liabilities $ 7,285,744 $ 6,604,042 Long-term assets $ 1,462,955 $ 1,345,592 Investments 3,053,093 $ 2,828,128 Total liabilities $ 10,606,326 $ 9,738,460 8,497,308$ 8,481,173 OWNERS' EQUITY Plant, property, and equipment $ Goodwill $ 347,212|$ 346,610 Common stock $ 1,458,068 $ 1,454,050 Intangible assets $ 1,157,742 $ 957,182 Retained earnings $ 2,620,097 $ 2,925,365 Total owners' equity $ 4,078,165 $ 4,379,415 TOTAL LIABILITIES TOTAL ASSETS $ 14,684,491 $ 14,117,875 AND OWNERS' EQUITY $ 14,684,491 $ 14,117,875 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