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 $ 14,146,931 $ 13,566,506 $ -8,447,371 $ -8,131,122 Cost of goods sold Selling, general, and administrative expenses Depreciation $ -997,642 $ -981,704 -1,498,561 $ -1,472,367 EBIT $ 3,203,357 $ 2,981,313 Interest expense $ -375,677 $ -354,664 Taxes -1,074,518$ -998,127 Net income $ 1,753,162 $ 1,628,522 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190,567$ 187,661 Accounts payable $ 1,546,204 $ 1,456,937 Investments $ 180,712 $ 121,068 Short-term debt $ 312,067 $ 332,851 Accounts receivable $ 667,693 $ 630,138 Total current liabilities $ 1,858,271 $ 1,789,788 Inventory $ 587,492 $ 563,958 Long-term liabilities Total current assets $ 1,626,464 $ 1,502,825 Debt $ 7,286,778 $ 6,603,577 Long-term assets Other liabilities $ 1,462,457 $ 1,346,312 Investments $ 3,053,255 $ 2,827,871 Total liabilities $ 10,607,506 $ 9,739,677 Plant, property, and equipment $ 8,497,891 $ 8,480,558 OWNERS' EQUITY Goodwill $ 348,748 $ $ 1,457,113 $ 1,454,439 Intangible assets $ 1,158,560 $ 347,392 Common stock 956,443 Retained earnings Total owners' equity $ 2,620,299 $ 2,920,9731 $ 4,077,412$ 4,375,412 TOTAL LIABILITIES 14,115,089 AND OWNERS' EQUITY TOTAL ASSETS $ 14,684,918 $ $ 14,684,918 $ 14,115,089