Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 13,567,077 14,147,577 $ -8,447,052 $ $ $ -8,131,785 Cost of goods sold Selling, general, and administrative expenses Depreciation -997,629 $ -1,498,687 $ -980,952 -1,472,876 $ EBIT $ $ $ $ $ 2,981,464 Interest expense Taxes 3,204,209 $ -376,020 $ -1,074,712 $ 1,753,477 $ -355,160 -997,996 Net income A 1,628,308 Print Done P14-10 (similar to) 3 Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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? (Round to four decimal places) Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 13,567,077 14,147,577 $ -8,447,052 $ $ $ -8,131,785 Cost of goods sold Selling, general, and administrative expenses Depreciation -997,629 $ -1,498,687 $ -980,952 -1,472,876 $ EBIT $ $ $ $ $ 2,981,464 Interest expense Taxes 3,204,209 $ -376,020 $ -1,074,712 $ 1,753,477 $ -355,160 -997,996 Net income A 1,628,308 Print Done P14-10 (similar to) 3 Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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? (Round to four decimal places)