Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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? A A 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 190,091 186,880 Accounts payable 1,546,657 $ 1,455,285 Investments 181,777 $ 121,590 Short-term debt $ 311,757 $ 332,094 Accounts receivable 668,454 $ 631,629 Total current liabilities 1,858,414 $ 1,787,379 Inventory 587,540$ 564,666 Long-term liabilities Total current assets 1,627,862 $ 1,504,765 Debt 7,285,203 $ 6,603,737 Long-term assets Other liabilities 1,463,795 $ 1,346,529 Investments $ 3,053,821 $ 2,828,119 Total liabilities 10,607,412 5 9,737,645 Plant, property, and equipment S 8,497,740 $ 8,481,613 OWNERS' EQUITY Goodwill 348,527 $ 346,566 Common stock $ 1,457,527 1,453,288 Intangible assets 1,157,381 $ 956,183 Retained earnings 2,620,392 $ 2,926,313 Total owners' equity $ 4,077,919 $ 4,379,601 TOTAL LIABILITIES TOTAL ASSETS $ 14,685,331 $ 14,117,246 AND OWNERS' EQUITY $ 14,685,331 $ 14,117,246 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. A A A A GA $ $ GA Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,147,384 $ 13,567,450 Cost of goods sold -8,447,249 $ -8,132,105 Selling, general, and administrative expenses -998,032 $ -981,344 Depreciation -1,497,674 $ -1,472,264 EBIT 3,204,429 $ 2,981,737 Interest expense $ -375,152 $ -355,740 Taxes $ -1,075,125 $ -997,879 Net income $ 1,754,152 $ 1,628,1181 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. CA $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES ASSETS 2014 2013 Current assets Current liabilities Cash $ 190,091 S 186,880 Accounts payable $ 1,546,657 $ 1,455,285