P14-10 (similar to) Question Help : Calculate the debt ratio, times interest carned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,156 $ 13,566,932 Cost of goods sold $ -8,447,033 % -8,132,372 Selling, general, and administrative expenses $ -997,630 $ -981,556 Depreciation $ -1,497,723 $ -1,472,838 EBIT $ 3,203,770 $ 2,980,166 Interest expense $ -375,879 $ -354,872 Taxes $ -1,074,599 $ -997,612 Net income $ 1,753,292$ 1,627,682 2014 2013 LIABILITIES 2014 2013 JASSETS Current assets Cash Investments Accounts receivable 191,805 $ 180,886 $ 667,326 $ 587,871 $ 1,627,888 $ $ $ $ 1,545,147 $ 311,984 $ 1,857,131 $ 1,455,221 332,786 1,788,007 Inventory Total current assets Long-term assets Current liabilities 186,421 Accounts payable 120,700 Short-term debt 630,194 Total current liabilities 563,800 Long-term liabilities 1,501,115 Debt Other liabilities 2,828,299 Total liabilities 8,481,870 OWNERS' EQUITY 346,748 Common stock 956,478 Retained earnings Total owners' equity TOTAL LIABILITIES 14,114,510 AND OWNERS' EQUITY $ $ $ 7,285,878 $ 1,462,390 $ 10,605,399 $ 6,604,849 1,346,909 9,739,765 Investments Plant, property, and equipment Goodwill Intangible assets 3,053,035 $ 8,496,896 $ 348,265 $ $ $ $ 1,457,287 $ 2,622,390 $ 4,079,677 $ 1,454,284 2,920,461 4,374,745 TOTAL ASSETS $ 14,685,076 $ $ 14,685,076 $ 14,114,510