Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate the debt ratio, times interest earned ratio, and cash coverage ratio 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? Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,440 $ 13,566,810 Cost of goods sold $ -8,448,263 % -8,132,632 Selling, general, and administrative expenses $ -997,420 $ -981,787 Depreciation $ -1,497,741 $ -1,471,319 EBIT $ 3,204,016 $ 2,981,072 Interest expense $ -376,993 $ -354,199 Taxes $ -1,074,269 $ -998,212 Net income $ 1,752,754 $ 1,628,661 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 contents into a spreadsheet. 2014 2013 ASSETS Current assets Cash A $ $ $ Investments Accounts receivable Inventory 1,546,350 $ 311,256 $ 1,857,606 $ 1,456,938 332,820 1,789,758 A A A $ Total current assets Long-term assets Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,021 $ 186,113 Accounts payable 180,277 $ 121,712 Short-term debt 667,466 $ 631,871 Total current liabilities 588,666 $ 563,762 Long-term liabilities 1,626,430 $ 1,503,458 Debt Other liabilities 3,054,592 $ 2,828,372 Total liabilities 8,497,109 $ 8,481,634 OWNERS' EQUITY 348,229 $ 346,039 Common stock 1,158,721 $ 956,436 Retained earnings Total owners' equity TOTAL LIABILITIES 14.685.081 $ 14.115.939 AND OWNERS' EQUITY $ $ $ 7,286,111 $ 1,463,403 $ 10,607,120 $ 6,603,578 1,346,004 9,739,340 Investments Plant, property, and equipment $ Goodwill $ Intangible assets $ $ $ $ 1,457,771 $ 2,620,190 $ 4,077,961 $ 1,454,928 2,921,671 4,376,599 TOTAL ASSETS 1$ $ 14.685.081 $ 14.115.939|