Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: 23. 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 $ 14,146,856 $ 13,566,015 $ -8,447,622 $ -8,131,241 Cost of goods sold Selling, general, and administrative expenses $ -998,618 $ -981,326 Depreciation $ -1,498,535 $ -1,471,862 EBIT $ 3,202,081 $ 2,981,586 Interest expense $ -376,488 $ -355,612 Taxes $ -1,073,725 $ -997,870 Net income $ 1,751,868 $ 1,628,104 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 Ontents into a spreadsheet. contents into a spreadsheet. Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES ASSETS 2014 2013 Current assets Current liabilities Cash $ 190,804 $ 186,161 Accounts payable 1,546,905 $ 1,456,975 Investments $ 181,817 $ 120,874 Short-term debt 312,687 $ 332,299 Accounts receivable 667,012 $ 631,012 Total current liabilities $ 1,859,592 $ 1,789,274 Inventory 588,672 $ 564,300 Long-term liabilities Total current assets $ 1,628,305 $ 1,502,347 Debt 7,285,598 $ 6,604,897 Long-term assets Other liabilities 1,462,638 $ 1,346,442 Investments $ 3,053,162 $ 2,827,023 Total liabilities $ 10,607,828 $ 9,740,613 Plant, property, and equipment 8,496,008 $ 8,480,490 OWNERS' EQUITY Goodwill $ 347,902 $ 346,800 Common stock $ 1,457,733 $ 1,453,822 Intangible assets 1,157,893 $ 956,852 Retained earnings $ 2,617,709 $ 2,919,077 Total owners' equity 4,075,442 $ 4,372,899 TOTAL LIABILITIES TOTAL ASSETS $ 14,683,270 $ 14,113,512 AND OWNERS' EQUITY 14,683,270 $ 14,113,512 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 order to paste its contents into a spreadsheet