Financial ratios: Asset management.The financial statements for Tyler Toys, Inc. are shown in the popup window: LOADING... . 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?

A Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,623 $ 13,566,948 Cost of goods sold -8,447,690 $ -8,131,811 Selling, general, and administrative expenses $ -998,620 $ -981,300 Depreciation -1,498,784 -1,472,486 EBIT $ 3,202,529 $ 2,981,351 Interest expense $ -375,853 $ -354,805 Taxes $ -1,074,137 $ -998,087 Net income $ 1,752,539 $ 1,628,459 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 mtents into a spreadsheet. $ $ $ $ Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 191,555 $ 187,978 Accounts payable $ 1,545,539 $ 1,455,411 Investments 181,076 $ 120,710 Short-term debt $ 312,432 $ 333,796 Accounts receivable 668,224 $ 630,677 Total current liabilities 1,857,971 $ 1,789,207 Inventory $ 587,115 $ 564,649 Long-term liabilities Total current assets $ 1,627,970 $ 1,504,014 Debt $ 7,286,511 $ 6,604,967 Long-term assets Other liabilities 1,463,561 $ 1,346,039 Investments $ 3,053,514 $ 2,828,379 Total liabilities $ 10,608,043 $ 9,740,213 Plant, property, and equipment $ 8,497,160 $ 8,481,908 OWNERS' EQUITY Goodwill 347,978$ 346,996 Common stock $ 1,457,944 $ 1,454,709 Intangible assets 1,158,322 $ 956,193 Retained earnings $ 2,618,957 $ 2,922,568 Total owners' equity $ 4,076,901 $ 4,377,277 TOTAL LIABILITIES TOTAL ASSETS $ 14,684,944 $ 14,117,490 AND OWNERS' EQUITY $ 14,684,944 $ 14,117,490 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 $ $