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?

5. What is the current ratio for 2014 and 2013? (Round to four decimal places)

What is the quick ratio for 2014 and 2013? (Round to four decimal places)

What is the cash 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 $ 14,146,079 $ 13,566,153 Cost of goods sold $ -8,448,050 $ -8,132,535 Selling, general, and administrative expenses $ -998,514 $ -981,753 Depreciation $ -1,498,422 $ -1,471,164 |EBIT $ 3,201,093 $ 2,980,701 Interest expense $ -375,846 $ -354,980 Taxes $ -1,073,594 $ -997,774 Net income $ 1,751,653 $ 1,627,947 $ 2014 2013 A A $ 1,545,468 $ 311,512 s 1,856,980 $ 1,455,618 332,518 1,788,136 A A ASSETS Current assets Cash Investments $ Accounts receivable Inventory $ Total current assets $ Long-term assets Investments Plant, property, and equipments Goodwill Intangible assets $ $ $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,052 s 187,312 Accounts payable 180,301 S 120,279 Short-term debt 667,241 $ 631,831 Total current liabilities 588,009 $ 564,936 Long-term liabilities 1,626,603 $ 1,504,358 Debt Other liabilities 3,053,407 $ 2,827,949 Total liabilities 8,497,600 $ 8,480,561 OWNERS' EQUITY 347,519 $ 346,591 Common stock 1,157,263 $ 957,912 Retained earnings Total owners' equity TOTAL LIABILITIES 14,682,392 $ 14,117,371 AND OWNERS' EQUITY $ 7,286,908 $ $ 1,462,261 $ $ 10,606,149 $ 6,603,893 1,345,8391 GA 9,737,868 GA GA 1,454,868 2,924,635 $ 1,457,399 $ 2,618,844 $ 4,076,243 $ A $ 4,379,503 TOTAL ASSETS $ $ 14,682,392 $ 14,117,371