Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window. 5. 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 $ 14,147,275 $ 13,566,263 Cost of goods sold $ -8,447,414 $ -8,131,640 Selling, general, and administrative expenses -998,250 $ -981,9021 Depreciation -1,497,042 $ -1,471,106 EBIT 3,204,569 $ 2,981,615 Interest expense -375,828 $ -355,839 Taxes $ -1,074,922 $ -997,795 Net income $ 1,753,819 $ 1,627,981 A A A A A $ ASSETS 2014 2013 $ 1,546,790 $ 311,677 $ 1,858,467 S 1,456,694 332,244 $ $ 1,788,938 Current assets Cash S Investments Accounts receivable Inventory $ Total current assets Long-term assets Investments Plant, property, and equipment S Goodwill $ Intangible assets S 5 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,638 187,004 Accounts payable 180,533 $ 121,382 Short-term debt 668,219 $ 631,004 Total current liabilities 588,309 563,787 Long-term liabilities 1,627,699 $ 1,503,177 Debt Other liabilities 3,054,161 S 2,827,481 Total liabilities 8,497,112 s 8,481,620 OWNERS' EQUITY 347,330 $ 346,673 Common stock 1,157,667 $ 957,381 Retained earnings Total owners' equity TOTAL LIABILITIES 14,683,969 $ 14,116,332 AND OWNERS' EQUITY $ $ 7,286,485 S 1,463,771 $ 10,608,723 $ 6,604,912 1,345,565 9,739,415 $ $ $ 1,458,515 $ 2,616,731 $ 4,075,246 $ 1,454,571 2,922,346 4,376,917 S TOTAL ASSETS S $ 14,683,969 $ 14,116,332)