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?

Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
	2014	2013
Revenue	$14,147,749	$13,567,341
Cost of goods sold	$-8,448,332	$-8,131,744
Selling, general, and administrative expenses	$-997,859	$-980,400
Depreciation	$-1,497,717	$-1,472,372
EBIT	$3,203,841	$2,982,825
Interest expense	$-375,500	$-355,257
Taxes	$-1,074,770	$-998,476
Net income	$1,753,571	$1,629,092

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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	$190,926	$187,793	Accounts payable	$1,546,260	$1,456,919
Investments	$181,496	$120,253	Short-term debt	$312,297	$332,401
Accounts receivable	$668,538	$631,653	Total current liabilities	$1,858,557	$1,789,320
Inventory	$587,683	$563,072	Long-term liabilities
Total current assets	$1,628,643	$1,502,771	Debt	$7,286,550	$6,604,823
Long-term assets			Other liabilities	$1,463,867	$1,345,323
Investments	$3,053,051	$2,828,975	Total liabilities	$10,608,974	$9,739,466
Plant, property, and equipment	$8,496,081	$8,480,160	OWNERS EQUITY
Goodwill	$348,181	$346,128	Common stock	$1,458,683	$1,454,766
Intangible assets	$1,158,494	$956,879	Retained earnings	$2,616,793	$2,920,681
			Total owners equity	$4,075,476	$4,375,447
			TOTAL LIABILITIES
TOTAL ASSETS	$14,684,450	$14,114,913	AND OWNERS EQUITY	$14,684,450	$14,114,913

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