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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

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?

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Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,935 $ 13,566,320 Cost of goods sold $ -8,447,829 $ -8,131,364 Selling, general, and administrative expenses -997,671 $ -981,313 Depreciation -1,498,689 $ -1,471,152 EBIT $ 3,203,746 $ 2,982,491 Interest expense -376,491 $ -355,972 Taxes $ -1,074,357 $ -998,077 Net income $ 1,752,898 $ 1,628,442 Right click on the table and select Copy to Clipboard and then right-click the A 2014 2013 ASSETS Current assets Cash $ $ 1,455,784 1,546,575 $ 312,153 $ 332,082 $ $ $ 1,858,728 $ 1,787,866 $ $ Investments Accounts receivable Inventory Total current assets Long-term assets Investments $ Plant, property, and equipment $ Goodwill $ Intangible assets Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,014 $ 187,938 Accounts payable 181,713 $ 121,984 Short-term debt 667,757 $ 631,405 Total current liabilities 588,929 $ 564,902 Long-term liabilities 1,629,413 $ 1,506,229 Debt Other liabilities 3,053,779 $ 2,828,307 Total liabilities 8,496,123 $ 8,481,158 OWNERS' EQUITY 347,301 $ 346,755 Common stock 1,158,693 $ 957,041 Retained earnings Total owners' equity TOTAL LIABILITIES 14,685,309 $ 14,119,490 AND OWNERS' EQUITY 7,286,568 $ 1,463,851 $ 10,609,147 $ 6,604,956 1,346,138 $ 9,738,960 HA 1,454,158 2,926,372 TA $ 1,458,175 $ 2,617,987 $ 4,076,162 $ $ 4,380,530 TOTAL ASSETS $ $ 14,685,309 $ 14,119,490

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