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If you could help me out by calculating the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler
If you could help me out by calculating the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. and.. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? Thanks!
2014 LIABILITIES 2014 ASSETS Current assets Cash Investments Accounts receivable Inventory Total current assets Long-term assets Investments Plant, property, and equipment Goodwill Intangible assets 2013 2013 Current liabilities 87,747 Accounts payable 190,498 $ 180,185 $ 667,206 630,222 Total current liabilities 588,398 $ 564,897 Long-term liabilities $ 1,546,072$ 1,456,283 311,326 332,785 $1,857,398$ 1,789,068 121,068 Short-term debt $ 1,626,287$ 1,503,934 Debt $ 7,285,590$ 6,604,458 $1,463,940$ 1,345,412 $10,606,928$ 9,738,938 Other liabilities $ 3,053,798$ 2,827,739 Total liabilities 8,497,357$ 8,480,026 OWNERS' EQUITY 348,022 347,567 Common stock $1,457,502$ 1,453,399 $ 2,619,101$ 2,923,030 $ 4,076,603$ 4,376,429 $1,158,067$ 956,101 Retained earnings Total owners' equity TOTAL LIABILITIES TOTAL ASSETS $14,683,531 14,115,367 AND OWNERS' EQUITY $14,683,531 14,115,367 Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: EEB. Calculate the debt ratio, times interest eamed ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the debt ratio for 2014? Data Table Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years En December 31, 2013 and 2014 2014 2013 S 14,146,742 S 13,566,832 S 8,448,754$ ,131,311 Revenue of goods sold Selling, general, and S 998,933$981,920 S 1,498,734 S1,471,820 S 3,200,321 2,981,781 S 376,410354,959 S 1,073,086 998,192 S 1,750,825 1,628,630 expenses EBIT Interest expense Net income Right-click on the table and select Copy to Clipboard and then rght-olick the Enter your answer in the answer box and then click Check Print Done Check Answer remainingStep by Step Solution
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