Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?

What is the quick ratio for 2014? What is the quick ratio for 2013? What is the cash ratio for 2014? What is the cash ratio for 2013?

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,268 $ 13,566,115 $ -8,447,354 $ -8,132,322 Cost of goods sold Selling, general, and administrative expenses $ -997,262 $ -981,551 Depreciation $ -1,498,325 $ -1,472,080 |EBIT $ 3,203,327 $ 2,980,162 Interest expense $ -375,191 $ -355,328 Taxes $ -1,074,692 $ -997,437 Net income $ 1,753,444 $ 1,627,397 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190,584 $ 1,546,568 $ 186,311 Accounts payable 121,858 Short-term debt 1,455,853 332,634 Investments 180,945 $ $ 311,135 $ Accounts receivable $ 667,984 $ 631,374 Total current liabilities 1,857,703 $ 1,788,487 Inventory $ 587,276 $ 564,436 Long-term liabilities 1,503,979 Debt Total current assets $ 1,626,789 $ 7,286,035 $ 6,604,176 Long-term assets Other liabilities $ 1,462,238 $ 1,346,197 Investments $ 3,053,087 $ 2,827,114 Total liabilities $ 10,605,976 $ 9,738,860 Plant, property, and equipment $ 8,496,812 $ 8,480,644 OWNERS' EQUITY Goodwill $ 348,622 $ 347,507 Common stock $ 1,458,347 $ 1,453,044 Intangible assets $ 1,157,374 $ 956,999 Retained earnings $ 2,618,361 $ 2,924,339 Total owners' equity $ 4,076,708 $ 4,377,383 TOTAL LIABILITIES TOTAL ASSETS $ 14,682,684 $ 14,116,243 AND OWNERS' EQUITY $ 14,682,684 $ 14,116,243