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?

1) What is the inventory turnover ratio for 2014? for 2013? 4 decimals 2) The days' sales in inventory ratio for 2014? For 2013? 4 decimals

3) The receivables turnover ratio for 2014 is? For 2013? 4 dec.

4) The days' sales in receivables ratio for 2014 is? For 2013? 4 decimals

5) The total asset turnover ratio for 2014 is? For 2013?

6) Are there any concerns regarding the company's ratios?

Using the browser's print w better print-out an u menu to get a Tyler Toys,I Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ 14,146,829 $ 13,567,861 S 8,447,591 -8,131,690 $-998,710 $ 981,150 S1,497,979 $ -1,472,003 $ 3,202,549 $ 2,983,018 $ 375,043$ -355,754 $1,074,452 $ 998,360 $1,753,054 $ 1,628,904 Revenue of goods sold Selling, general, and administrative expenses EBIT Interest expense axes Net income Right-click on the table and select Copy to Clipboard and then rnght-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS Current assets Cash 2014 2013 LIABILITIES 2014 2013 Current liabilities 190,108 $ 181,545 $ 668,595 630,330 Total current liabilities 587,773$ 563,131 Long-term liabiliti $ 1,545,531 $ 1,456,247 333,167 $ 1,857876 1,789,414 187,450 Accounts payable 121,154 Short-term debt 312,345 $ Accounts receivable Total current assets $1,628,021,502,065 Debt $ 7,286,210 $ 6,603,531 Long-term assets liabilities $ 1.462,352 S 1,346,510 $3,054,632 $ 8.496,837 $ 348,550 $1,158,693 2,827.719 Total liabilities 8,481,676 OWNERS' EQUITY 346,707 Common stock 957,935 Retained earnings $ 10,606,438 $ 9,739,455 Plant, property, and Goodwil $ 1.458,037 1,453,545 $ 2,622,258 S 2,923,102 $4,080,295 $ 4,376,647 Intangible assets Total owners' equity TAL LIABILITIES TOTAL ASSETS $ 14,686,733 14,116,102 AND OWNERS' EQUITY 14,686,733 $ 14,116,102