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Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. Calculate the current ratio, quick ratio, and cash
Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. Calculate the current ratio, quick ratio, and cash ra for Tyler Toys for 2013 and 2014. 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 current ratio for 2014? (Round to four decimal places.) - X Data table ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190,829 $ $ 187,496Accounts payable 120,492 Short-term debt 1,545,143 $ 311,950 $ 1,456,374 333,830 Investments $ 181,027 $ $ Accounts receivable $ 667,083 $ 631,946 Total current liabilities $ 1,857,093 $ 1,790,204 Inventory $ 587,905 $ 564,970 Long-term liabilities Total current assets $ 1,626,844 $ 1,504,904 Debt $ 6,603,820 7,286,812 $ 1,463,458 $ Long-term assets Other liabilities $ 1,345,780 Investments $ 3,054,714 $ 2,828,275 Total liabilities $ 10,607,363 $ 9,739,804 8,496,290 $ 8,480,296 OWNERS' EQUITY Plant, property, and equipment $ Goodwill $ 348,290$ 346,114 Common stock $ 1,458,500 $ 1,454,088 Intangible assets $ 1,157,895 $ 957,731 Retained earnings $ 2,618,170 $ 2,923,428 Total owners' equity $ 4,076,670 $ 4,377,516 TOTAL LIABILITIES TOTAL ASSETS $ 14,684,033 $ 14,117,320 AND OWNERS' EQUITY $ 14,684,033 $ 14,117,320 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 swet Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. 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 current ratio for 2014? (Round to four decimal places.) Data table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,095 $ 13,567,466 $ -8,447,768 $ -8,131,277 Cost of goods sold Selling, general, and administrative expenses $ -998,967 $ -980,602 $ -1,498,593 $ -1,471,645 Depreciation EBIT $ 3,200,767 $ 2,983,942) Interest expense $ -354,928 -375,871 $ -1,073,460 $ Taxes $ -999,025 Net income $ 1,751,436 $ 1,629,989 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. swer Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014
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