Financial ration: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window 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 concem 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 $ 14,146,510 $ 13,566,896 Cost of goods sold $ -8,448,680 $ -8,132,323 Selling, general, and administrative expenses -998,327 $ -980,277 Depreciation -1,497,992 $ -1,472,734 EBIT 3,201,511 S 2,981,562 Interest expense -376,533 $ -354,595 Taxes $ -1,073,492 $ -998,247 Net income $ 1,751,486 $ 1,628,720 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. 69 $ $ $ ASSETS LIABILITIES 2014 2013 Current assets Current liabilities Cash 190,687 $ 187,588 Accounts payable 1,546,178 S 1,455,304 Investments 181,888 S 121,312 Short-term debt 312,071 S 333,515 Accounts receivable 667,545 S 630,192 Total current liabilities 1,858,249 $ 1,788,819 Inventory 587,773 $ 563,012 Long-term liabilities Total current assets 1,627,893 $ 1,502,104 Debt 7,285,540 $ 6,604,583 Long-term assets Other liabilities 1,462,998 $ 1,346,659 Investments 3,053,082 $ 2,827,569 Total liabilities 10,606,787 S 9,740,061 8,497,447 S 8,480,809 OWNERS' EQUITY Plant, property, and equipment Goodwill 347,975 $ 346,916 Common stock 1,458,326 $ 1,454,047 Intangible assets S 1,158,022 S 957,355 Retained earnings 2,619,306 $ 2,920,645 Total owners' equity 4,077,632 S 4,374,692 TOTAL LIABILITIES $ 14,684,419 $ 14,114,753 AND OWNERS' EQUITY $ 14,684,419 $ 14,114,753 TOTAL ASSETS 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 S $ $ $ 2014 2013 A $ $ $ $ $ $ S $ S