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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,

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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 turnoy 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? Data table What is the inventory tumaver ratio for 20147 14.3460" (Round to four decimal places.) What is the inventory turnover ratio for 20137 (Round to four decimal places ) 2014 2013 Revenue $ 14,146,799|% 13,567,360 Cost of goods sold $ -8,447037|% -8132491 Selling, general, and administrative expenses $ -998,919|% -980,092 Depreciation $ -1,497074|$% 1472243 EBIT 3 3,203,769(% 2,982,534 Interest expense $ -375,292|% -354 746 Taxes $ -1,074821|% -998 559 Net income $ 1,753,656|% 1,629,229 Right-click on the fable and select Copy to Clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order fo paste its contents into a spreadsheet TOTAL ASSETS 14,114,940|AND OWNERS' EQUITY 14,686,453| $ ASSETS LIABILITIES 2013 Current assets Current liabilities Cash 191,697 187,818|Accounts payable 1,546,643( % 1,456,442 Investments 161,884 120,426|Short-term debt 312,382| % 333,982 Accounts receivable 667,767 630 924|Total current liabilities 1,859,025( % 1,790,424 Inventory 588,807 563,385|Long-term liabilities Total current assets 1,630,155 1,502,553 Debt 7,286,959|% 6,604,911 Long-term assets Other liabilities 1,462 757|% 1,345,475 Investments 3,053,404 2,827 742|Total liabilities 10,608,741|5 9,740,810 Plant, property, and equipment 8,497 511 8,481, 790|OWNERS' EQUITY Goodwill 347,107 346,158|Commeon stock 1,457,580|% 1,453,731 Intangible assets 1,158,276 956,697 |Retained earnings 2,620132|% 2,920,399 Total owners' equity 4,077,712| % 4,374,130 TOTAL LIABILITIES 14,686,453 14,114,940

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