Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HW Score: 0%, 0 of 9 pts P14-10 (similar to) Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown

image text in transcribed
image text in transcribed
HW Score: 0%, 0 of 9 pts P14-10 (similar to) Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window. IP Calculate the debt ratio, times interest camed ratio, and canh coverage ratio for 2013 and 2014 for Tyler Toys Should any of these ratios or the change in a ratio warrant concom for the managers of Tyler Toys or the shareholders What is the debt ratio for 2014? (Round to four decimal places.) rrect: Enter your answer in the answer box and then click Check Answer 6 parts remaining Clear All Check Ana the lotte nal.docx 59 Oy Tyler Toys, Inc Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,096 $ 13,567,655 Cost of goods sold -8,448,832 $ -8,131,604 Selling, general, and administrative expenses -998,969 $ -981,199 Depreciation $ -1,497,199 $ -1,472,066 EBIT S 3,202,096 $ 2,982,786 Interest expense $ -375,181 $ -355,171 Taxes $ - 1,074,228 $ -998,494 Net income 1,752,687 S 1,629,121 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 $ $ $ s $ $ Tyler Toys, Inc. Balance Shoet as of December 31, 2013 and 2014 Print Done HW Score: 0%, 0 of 9 pts P14-10 (similar to) Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window. IP Calculate the debt ratio, times interest camed ratio, and canh coverage ratio for 2013 and 2014 for Tyler Toys Should any of these ratios or the change in a ratio warrant concom for the managers of Tyler Toys or the shareholders What is the debt ratio for 2014? (Round to four decimal places.) rrect: Enter your answer in the answer box and then click Check Answer 6 parts remaining Clear All Check Ana the lotte nal.docx 59 Oy Tyler Toys, Inc Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,096 $ 13,567,655 Cost of goods sold -8,448,832 $ -8,131,604 Selling, general, and administrative expenses -998,969 $ -981,199 Depreciation $ -1,497,199 $ -1,472,066 EBIT S 3,202,096 $ 2,982,786 Interest expense $ -375,181 $ -355,171 Taxes $ - 1,074,228 $ -998,494 Net income 1,752,687 S 1,629,121 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 $ $ $ s $ $ Tyler Toys, Inc. Balance Shoet as of December 31, 2013 and 2014 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Digital Finance Big Data Start-ups And The Future Of Financial Services

Authors: Perry Beaumont

1st Edition

0367146797, 978-0367146795

More Books

Students also viewed these Finance questions

Question

What courses does he/she teach?

Answered: 1 week ago

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago