Financial? ratios: Liquidity.??The financial statements for Tyler? Toys, Inc. are shown in the table below.

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?

Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
	2014	2013
Revenue	$14,146,314	$13,566,585
Cost of goods sold	$-8,448,624	$-8,132,222
Selling, general, and administrative expenses	$-998,502	$-980,235
Depreciation	$-1,497,112	$-1,471,527
EBIT	$3,202,076	$2,982,601
Interest expense	$-376,170	$-355,720
Taxes	$-1,073,844	$-998,215
Net income	$1,752,062	$1,628,666

????????????????????????????????????????????????????????????????????????????????????????????????????????????

Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and 2014
ASSETS	2014	2013	LIABILITIES	2014	2013
Current assets			Current liabilities
Cash	$190,710	$187,230	Accounts payable	$1,546,210	$1,455,235
Investments	$180,487	$120,286	Short-term debt	$312,969	$333,181
Accounts receivable	$667,661	$631,654	Total current liabilities	$1,859,179	$1,788,416
Inventory	$587,469	$564,995	Long-term liabilities
Total current assets	$1,626,327	$1,504,165	Debt	$7,286,047	$6,603,376
Long-term assets			Other liabilities	$1,463,160	$1,345,529
Investments	$3,054,022	$2,828,183	Total liabilities	$10,608,386	$9,737,321
Plant, property, and equipment	$8,496,955	$8,480,373	OWNERS EQUITY
Goodwill	$347,454	$346,379	Common stock	$1,458,869	$1,454,384
Intangible assets	$1,157,959	$956,418	Retained earnings	$2,615,462	$2,923,813
			Total owners equity	$4,074,331	$4,378,197
			TOTAL LIABILITIES
TOTAL ASSETS	$14,682,717	$14,115,518	AND OWNERS EQUITY	$14,682,717	$14,115,518

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????