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

7. WHat is the inventory turnover ratio for 2014 and 2013? (round to four decimal place) What is the days sales in inventory ratio for 2014 and 2013?(round to four decimal place) What is the receivables turnover ratio for 2014 and 2013? (round to four decimal place) What is the days sales in receivables ratio for 2014 and 2013? (round to four decimal place) What is the total asset turnover ratio for 2014 and 2013? (round to four decimal place)

CA $ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,147,223 $ 13,566,4421 Cost of goods sold $ -8,447,057 $ -8,132,322 Selling, general, and administrative expenses -998,243 $ -980,531 Depreciation $ -1,498,520 $ -1,471,228 EBIT 3,203,403 $ 2,982,3611 Interest expense $ -376,523 $ -355,622 Taxes $ -1,074,214 $ -998,161 Net income $ 1,752,666 $ 1,628,578 $ CA $ $ 2014 2013 $ 1,455,545 $ 1,545,832 $ 311,247 $ 1,857,079 $ 332,649 $ 1,788,194 ASSETS Current assets Cash $ Investments $ Accounts receivable $ Inventory $ Total current assets $ Long-term assets Investments $ Plant, property, and equipments Goodwill $ Intangible assets $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,562 $ 186,173 Accounts payable 181,4035 120,352 Short-term debt 667,645 $ 630,218 Total current liabilities 587,186 $ 563,584 Long-term liabilities 1,627,796 $ 1,500,327 Debt Other liabilities 3,053,504 $ 2,827,588 Total liabilities 8,496,560 $ 8,480,740 OWNERS' EQUITY 348,577 $ 347,651 Common stock 1,157,677 $ 957,954 Retained earnings Total owners' equity TOTAL LIABILITIES 14,684,114 S 14,114,260 AND OWNERS' EQUITY 7,286,021 $ $ 1,463,766 $ $ 10,606,866 $ 6,603,850 1,345,004 A 9,737,048 $ $ 1,457,561 $ 2.619,687 $ 4,077,248$ 1,453,935 2,923,277 4,377,212 $ TOTAL ASSETS A $ 14,684,114 $ 14,114,260