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Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios Financial
Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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 14,147,599 $ 13,566,130 Cost of goods sold -8,447,168 $ -8,131,041 Selling, general, and administrative expenses -997,754 $ -981,7431 Depreciation $ -1,497,954 $ -1,472,781 |EBIT $ 3,204,723 $ 2,980,565 Interest expense -376,571 $ -355,234 Taxes $ -1,074,698 $ -997,626 Net income $ 1,753,454 $ 1,627,705 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. ASSETS Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,150 $ 187,635 Accounts payable 2014 2013 Current assets Cash $ GA 1,545,106 $ 1,456,226 S A A A Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash S 190,150 $ 187,635 Accounts payable 1,545,106 $ 1,456,226 Investments $ 180,281 $ 121,514 Short-term debt $ 311,611 $ 333,212 Accounts receivable $ 668,628 $ 631,047 Total current liabilities 1,856,717 $ 1,789,438 Inventory 587,983 $ 564,503 Long-term liabilities Total current assets 1,627,042 $ 1,504,699 Debt 7,285,763 $ 6,603,018 Long-term assets Other liabilities 1,463,795 $ 1,346,781 Investments $ 3,053,401 $ 2,828,684 Total liabilities 10,606,275 $ 9,739,237 Plant, property, and equipments 8,497,951 $ 8,481,241 OWNERS' EQUITY Goodwill 348,157 $ 347,510 Common stock $ 1,458,619 $ 1,454,696 Intangible assets 1,157,862 $ 956,525 Retained earnings 2,619,519 $ 2,924,726 Total owners' equity $ 4,078,138 $ 4,379,422 TOTAL LIABILITIES TOTAL ASSETS 14,684,413 $ 14,118,659 AND OWNERS' EQUITY $ 14,684,413 $ 14,118,659 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 A A GA A GA GA in order to paste its contents into a spreadsheet
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