Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window:1. Calculate the inventory turnover, days' sales in inventory,
Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window:1. 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? 1. What is the inventory turnover ratio for 2014? (Round to four decimal places.) What is the inventory turnover ratio for 2013? (Round to four decimal places.) What is the days' sales in inventory ratio for 2014? days (Round to four decimal places.) What is the days' sales in inventory ratio for 2013? days (Round to four decimal places.) What is the receivables turnover ratio for 2014? (Round to four decimal places.) What is the receivables turnover ratio for 2013? (Round to four decimal places.) What is the days' sales in receivables ratio for 2014? days (Round to four decimal places.) What is the days' sales in receivables ratio for 2013? days (Round to four decimal places.) What is the total asset turnover ratio for 2014? (Round to four decimal places.) What is the total asset turnover ratio for 2013? (Round to four decimal places.) Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? (Select the best response.) O A. The company has a very good turnover of assets but collects its receivables slowly, thus there are O B. The company has a very good turnover of assets and collects its receivables quickly, thus there are C. The company has a very poor turnover of assets and collects its receivables quickly, thus there are O D. The company has a very good turnover of assets and collects its receivables quickly; thus there are no some real concerns from these ratios major concerns from these ratios some concerns from these ratios real concerns from these ratios
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started