Financial ratios: Asset management.

Calculate the inventory turnover, days' sales in inventory, receivables turnover, days' sales in receivables, and total asset turnover 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? Round to 4 decimal places

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,555 $ 13,566,243 Cost of goods sold $ -8,447,594 $ -8,132,175 Selling, general, and administrative expenses -998,596$ -981,477 Depreciation $ -1,498,209$ -1,472,202 EBIT $ 3,202,156 $ 2,980,389 Interest expense $ -375,866 $ -355,179 Taxes $ -1,073,990 $ -997,580 Net income $ 1,752,300 $ 1,627,630 Right click on the table and select Sony to Clinhoard and then nicht-click the 2014 2013 ASSETS Current assets Cash Investments $ $ 1,546,331 $ 312,093 S 1,858,424 $ 1,456,246 332,004 1,788,250 Accounts receivable Inventory Total current assets $ Long-term assets Investments Plant, property, and equipments Goodwill Intangible assets Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,084 S 187,510 Accounts payable 181,609 $ 121,119 Short-term debt 667,825 S 631,414 Total current liabilities 588,964 $ 563,501 Long-term liabilities 1,629,482 S 1,503,544 Debt Other liabilities 3,053,950 $ 2,827,724 Total liabilities 8,496,849 $ 8,481,163 OWNERS' EQUITY 348,620 $ 346,729 Common stock 1,158,842 $ 957,654 Retained earnings Total owners' equity TOTAL LIABILITIES 14,687,743 $ 14,116,814 AND OWNERS' EQUITY $ $ $ 7,286,628 S 1,463,264S 10,608,316 S 6,603,956 1,345,661 9,737,867 $ $ $ 1,458,788 $ 2,620,639 S 4,079,427 $ 1,453,823 2,925,124 4,378,947 s TOTAL ASSETS $ $ 14,687,743$ 14,116,814