HW Score: 0of 11 pts Homework: Chapter 14 Homework Score: 0 of 1 P14-10 (similar to) Financial raios Financial leverage. The increments for yor Toys, of the change in concom for the manager of toys the What is he t 2016) lound to fo c o we shown in the popup wind Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,146,097 S 13,566,613 Cost of goods sold -8,448,622 -8,131,156 Selling, general, and administrative expenses -997,573 $ -981,232 Depreciation -1,498,664 S -1,472,990 EBIT 3,201,238 $ 2,981,235 Interest expense -375,415 $ -354,506 Taxes $ 1,073,813 $ - -998,157 Net income $ 1,752,010 S 1,628,572 2014 2013 $ ASSETS Current assets Cash Investments Accounts receivable Inventory Total current assets Long-term assets 1,545,704 $ 312,978 S 1,858,682 S 1,456,137 333,548 1,789,685 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,781 $ 186,740 Accounts payable 180,291 S 121,337 Short-term debt 667,534S 630,660 Total current liabilities 587,726 S 564,011 Long-term liabilities 1,626,332 S 1,502,748 Debt Other liabilities 3,053,475 S 2,827,132 Total liabilities 8,496,605S 8,481,373 OWNERS'EQUITY 347,499 $ 346,244 Common stock 1,157,020 $ 956,900 Retained earnings Total owners' equity TOTAL LIABILITIES 14,680,931 S 14,114,397 AND OWNERS' EQUITY 7286,256 $ 1,463,463 S 10,608,401 S 6,604,614 1,346,760 9,741,059 Investments Plant, property, and equipment Goodwill Intangible assets 1,457,576 $ 2,614,954 S 4,072,530 $ 1,454,031 2,919,307 4,373,338 TOTAL ASSETS $ S 14,680,931 $ 14,114,397