P14-11 (similar to) Question Help Financial ratlos: Asset management. The financial statements for Tylor Toys, Inc. are shown in the popup window. Calculate the inventory tumover, days sales in inventory, receivables turnover, days' sales in receivables, and total asset tumover for 2013 and 2014 for Tyler Toys. Should any of these ratics or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the inventory turnover ratio for 2014? (Round to four decimal places.) Enter your answer in the answer box and then click Check Antwer. 10 parts remaining Clear A Check AWE hald 2 2 Table $ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,146,228 $ 13,567,750 Cost of goods sold $ -8,448,276 $ -8,132,569 Selling, general, and administrative expenses -997,293 $ -981,201 Depreciation $ -1,498,339 $ - 1,471,033 EBIT $ 3,202,320$ 2,982,947 Interest expense -375,754 S -354,310 Taxes - 1,074,095 $ -998,882 Net income 1,752,471 $ 1,629,755 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. Tyler Toys, Inc. Balance Sheetas of December 31, 2013 and 2014 Print Done similar tal i Data Table ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 191,166 $ 186,010 Accounts payable $ 1,546,412 5 1,455,851 Investments $ 181,177 $ 121,034 Short-term dobt S 312,613 $ 332,138 Accounts receivable $ 667,498 $ 630,970 Total current liabilities $ 1,859,025 $ 1,787,989 Inventory $ 587,681 $ 584,879 Long-term liabilities Total current assets $ 1,627,522 $ 1,502,893 Debt $ 7,285,3885 6,603,830 Long-term assets Other abilities $ 1,462,7365 1,346,967 Investments $ 3,053,535 S 2,828,663 Total liabities $ 10,607,149 $ 9,738,786 Plant, property, and equipment $ 8,497,562 $ 8,481,649 OWNERS' EQUITY Goodwill $ 348,3685 346,948 Common stock $ 1,458,904 $ 1,454,450 Intangible assets $ 1,158.424 $ 957 384 Retained oamingo $ 2,619,3585 2,924,301 Total owners' equity $ 4,078,262 $ 4,378,751 TOTAL LIABILITIES TOTAL ASSETS $ 14,685,411 $ 14,117,637 AND OWNERS' EQUITY S 14,685,411 S 14,117,637 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 inted Print Dono 10