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	$14,147,908	$13,567,534
Cost of goods sold	$-8,448,901	$-8,131,575
Selling, general, and administrative expenses	$-997,052	$-980,918
Depreciation	$-1,498,452	$-1,472,139
EBIT	$3,203,503	$2,982,902
Interest expense	$-375,514	$-355,887
Taxes	$-1,074,636	$-998,266
Net income	$1,753,353	$1,628,749

Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and 2014
ASSETS	2014	2013	LIABILITIES	2014	2013
Current assets			Current liabilities
Cash	$190,603	$187,871	Accounts payable	$1,546,517	$1,456,886
Investments	$181,187	$120,714	Short-term debt	$311,513	$332,424
Accounts receivable	$667,367	$631,309	Total current liabilities	$1,858,030	$1,789,310
Inventory	$588,661	$564,912	Long-term liabilities
Total current assets	$1,627,818	$1,504,806	Debt	$7,285,855	$6,603,255
Long-term assets			Other liabilities	$1,462,189	$1,345,943
Investments	$3,053,356	$2,828,825	Total liabilities	$10,606,074	$9,738,508
Plant, property, and equipment	$8,496,213	$8,481,736	OWNERS EQUITY
Goodwill	$348,011	$346,629	Common stock	$1,457,821	$1,454,352
Intangible assets	$1,158,508	$957,606	Retained earnings	$2,620,011	$2,926,742
			Total owners equity	$4,077,832	$4,381,094
			TOTAL LIABILITIES
TOTAL ASSETS	$14,683,906	$14,119,602	AND OWNERS EQUITY	$14,683,906	$14,119,602