Homework: Chapter 14 Homework Save Score: 0 of 1 pt 5 of 9 (0 complete) HW Score: 0%, 0 of 9 pts Question Help P14-11 (similar to) Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: . Calculate the inventory turnover, days' sales in inventory, receivables turnover, days' sales in receivables, and total asset tumover for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concem for the managers of Tyler Toys or the shareholders? What is the inventory turnover ratio for 2014? (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer. 10 remaining Clear All Check Answer Check Answer javascript:doExercise(1): Save Homework: Chapter 14 Homework Score: 0 of 1 pt P14-11 (similar to) 5 of 9 (0 complete) HW Score: 0%, 0 of 9 pts Question Help 0 i Data Table brdays' sales in receivables, and total Financial ratlos: Asset management. T asset turnover for 2013 and 2014 for Tyler What is the inventory turnover ratio for 2014 (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,147,877 $ 13,566,708 Cost of goods sold $ 8,448,830 $ 8,131,263 Selling, general, and administrative expenses -998,158 $ -981,221 Depreciation S -1,498,053 $ -1,472,844 EBIT $ 3,202,836 $ 2,981,380 Interest expense S -376,099 $ 355,195 Taxes S - 1,074,160 $ -997,950 Net income $ 1,752,577 $ 1,628,235 Right click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet ASSETS 2014 2013 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,835 $ 186,064 Accounts payable 180,956 $ 120,937 Short-term debt Current assets Cash $ $ 1,546,042 $ 311,053 $ 1,455,348 332,162 Investments Enter your answer in the answer box and Print Done 10 remaining 10 parts Check Answer javascript:doExercise (1): Save Homework: Chapter 14 Homework Score: 0 of 1 pt P14-11 (similar to) 5 of 9 (0 complete) HW Score: 0%, 0 of 9 p Question Help i Data Table - A er, days' sales in receivables, and total Financial ratios: Asset management T asset turnover for 2013 and 2014 for Tyler What is the inventory turnover ratio for 2014 contents into a spreadsheet (Round to four decimal places.) Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 / 2013 Current assets Current liabilities Cash 190,835 $ 186,064 Accounts payable 1,546,042 $ 1,455,346 Investments 180,956 $ 120,937 Short-term debt 311,053 $ 332.162 Accounts receivable 667,739 S 630,291 Total current liabilities S 1,857,095 $ 1,787,508 Inventory 588,404 $ 564,014 Long-term liabilitles Total current assets $ 1,627,934 $ 1,501,306 Debt 7,286,277 $ 6.603,876 Long-term assets Other liabilities 1,462,550 $ 1,346, 119 Investments 3,054,907 $ 2,827,230 Total liabilities 10,605,922 $ 9,737,503 Plant, property, and equipment $ 8.497,421 $ 8.480,317 OWNERS' EQUITY Goodwill 347,119 $ 347,175 Common stock 1,458.760 $ 1,454,766 Intangible assets 1,158,952 $ 957,509 Retained earnings S 2,621.651 $ 2,921,268 Total owners' equity S 4,080,411 $ 4,376,034 TOTAL LIABILITIES TOTAL ASSETS $ 14,686,333 S 14,113,537 AND OWNERS' EQUITY S 14,686,333 $ 14,113,537 Right click on the table and select Copy to Clipboard and the night-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet. Enter your answer in the answer box and Print Done