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? What is the inventory turnover ratio for 2014? (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,925 $ 13,567,207 Cost of goods sold $ -8,447,439 $ -8,131,159 Selling, general, and administrative expenses $ -997,467 $ -980,092 Depreciation $ -1,498,263 $ -1,471,778 |EBIT $ 3,204,756 $ 2,984,178 Interest expense $ -375,487 $ -354,284 Taxes -1,075,122 $ -999,360 Net income $ 1,754,147 $ 1,630,534 2014 2013 ASSETS Current assets Cash Investments Accounts receivable Inventory Total current assets $ $ $ 1,545,073 $ 312,202 $ 1,857,275 $ 1,455,829 333,498 1,789,327 $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,464 $ 186,340 Accounts payable 181,580 $ 121,530 Short-term debt 667,448 $ 631,474 Total current liabilities $ 588,065 $ 564,899 Long-term liabilities $ 1,628,557 $ 1,504,243 Debt Other liabilities 3,054,614 $ 2,828,593 Total liabilities 8,496,675 $ 8,481,894 OWNERS' EQUITY $ 347,290$ 347,955 Common stock $ 1,158,156 $ 957,771 Retained earnings Total owners' equity TOTAL LIABILITIES $ 14,685,292 $ 14,120,456 AND OWNERS' EQUITY $ 7,286,071 $ 1,462,856 $ Long-term assets $ 6,604,117 1,346,241 9,739,685 Investments $ 10,606,202 $ Plant, property, and equipment Goodwill Intangible assets $ $ $ 1,458,518$ 2,620,572 $ 4,079,090 $ 1,453,990 2,926,781 4,380,771 $ TOTAL ASSETS $ 14,685,292 $ 14,120,456