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?

6. What is the debt ratio for 2014 and 2013? (round to four decimal places) What is the times interest earned ratio for 2014 and 2013?(round to four decimal places) What is the cash coverage ratio for 2014 and 2013? (Round to four decimal places)

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,561 $ 13,566,325 Cost of goods sold -8,447,338 $ -8,132,343 Selling, general, and administrative expenses -997,964 $ -980,525 Depreciation $ -1,498,417 $ -1,472,719 |EBIT $ 3,203,842 $ 2,980,738 Interest expense $ -376,649 $ -355,463 Taxes $ -1,074,333 $ -997,605 Net income $ 1,752,860 $ 1,627,670 Right click on the table and select Copy to Clipboard and then right-click the CA 2014 2013 $ $ 1,545,139 $ 312,460 $ 1,857,599 $ 1,456,896 332,346 1,789,242 $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES Current assets Current liabilities Cash $ 191,358$ 186,035 Accounts payable Investments $ 181,017 S 121,407 Short-term debt Accounts receivable $ 668,881 $ 631,197 Total current liabilities Inventory $ 588,538 $ 564,130 Long-term liabilities Total current assets $ 1,629,794 $ 1,502,769 Debt Long-term assets Other liabilities Investments $ 3,054,684 $ 2,827,509 Total liabilities Plant, property, and equipment $ 8,496,577 $ 8,481,505 OWNERS' EQUITY Goodwill 348,384 $ 346,687 Common stock Intangible assets 1,157,953 $ 956,811 Retained earnings Total owners' equity TOTAL LIABILITIES TOTAL ASSETS 14,687,392 $ 14,115,281 AND OWNERS' EQUITY $ 7,285,611 $ 1,463,390$ A 6,603,788 1,346,062 9,739,092 $ 10,606,600 $ GA $ $ A $ 1,458,498 $ 2,622,294 $ 4,080,792 $ 1,454,506 2,921,683 4,376,189 A A $ 14,687,392 $ 14,115,281