Financial ratios: Liquidity.The financial statements for Tyler Toys, Inc. are shown in the popup window:

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. 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?

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(Round to four decimal places.)

What is the current ratio for 2013?

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(Round to four decimal places.)

What is the quick ratio for 2014?

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(Round to four decimal places.)

What is the quick ratio for 2013?

nothing

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What is the cash ratio for 2014?

nothing

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Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
	2014	2013
Revenue	$14,147,616	$13,566,445
Cost of goods sold	$-8,448,826	$-8,131,370
Selling, general, and administrative expenses	$-997,422	$-980,029
Depreciation	$-1,497,284	$-1,471,620
EBIT	$3,204,084	$2,983,426
Interest expense	$-376,327	$-354,624
Taxes	$-1,074,548	$-998,945
Net income	$1,753,209	$1,629,857

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Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and 2014
ASSETS	2014	2013	LIABILITIES	2014	2013
Current assets			Current liabilities
Cash	$190,011	$187,291	Accounts payable	$1,546,190	$1,456,016
Investments	$180,484	$121,946	Short-term debt	$311,114	$332,789
Accounts receivable	$667,012	$631,148	Total current liabilities	$1,857,304	$1,788,805
Inventory	$588,795	$564,461	Long-term liabilities
Total current assets	$1,626,302	$1,504,846	Debt	$7,286,228	$6,603,629
Long-term assets			Other liabilities	$1,462,024	$1,345,700
Investments	$3,053,362	$2,828,573	Total liabilities	$10,605,556	$9,738,134
Plant, property, and equipment	$8,497,255	$8,481,229	OWNERS EQUITY
Goodwill	$348,147	$347,225	Common stock	$1,458,133	$1,454,148
Intangible assets	$1,157,717	$956,466	Retained earnings	$2,619,094	$2,926,057
			Total owners equity	$4,077,227	$4,380,205
			TOTAL LIABILITIES
TOTAL ASSETS	$14,682,783	$14,118,339	AND OWNERS EQUITY	$14,682,783	$14,118,339