part 1-7. please do all. ill give a rating if correct.

Homework: Chapter 14 Homework Question 3, P14-9 (similar to) Part 1 of 7 HW Score: 22.22%, 2 of 9 points Points: 0 of 1 Save Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014 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 current ratio for 2014? (Round to four decimal places) A Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,936) $ 13,567 809 Cost of goods sold S -8,448,684 $ -8,131,186 Selling, general and administrative expenses S -997,803 -981.686 Depreciation - 1,498,535 S -1,471,518 EBIT S 3,201,914 $ 2,983,419 Interest expense -375,5725 -354,016 Taxes $ -1,074,010 $ -999.173 Net income $ 1,752,332 $ 1,630,230 Right click on the table and select Copy to clipboard and then night click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet $ $ $ ASSETS 2014 2013 Current assets Cash s Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,4595 186.761 Accounts payable 181,5995 120,554 Short-term debt 668.6665 630.245 Total current liabilities 588,173 $ 564 941 Long-term liabilities 1,628,8975 1,502,501 Debt loki $ Investments S 5 1.546.05515 311,670 $ 1,857.725 $ 1.456.764 332.518 1.789.282 Accounts receivable S S $ Inventory Total current assets $ $ 6.604 308 7.286 293 $ CLAI 26 Print Done Net income $ 1,752,332 S 1,630,230 Right click on the table and select Copy to Clipboard and then night-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 Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190 4595 186,761 Accounts payable S 1546,055$ 1.456.764 Investments S 181 599 $ 120,554 Short-term debt $ 311.670 S 332,518 Accounts receivable $ 668,6665 630.245 Total current liabilities $ 1,857.725 $ 1,789,282 Inventory 588,1735 564,941 Long-term liabilities Total current assets $ 1,628,8975 1,502,501 Debt S 7,286,293 $ 6,604,308 Long-term assets Other liabilities S 1,463,4415 1,346,774 Investments $ 3.053,948 52,827,027 Total liabilities $ 10,607,459 S 9,740,364 Plant, property, and equipment $ 8,497.724 S 8,481,934 OWNERS' EQUITY Goodwill $ 347.858 5 346,671 Common stock $ 1.457 850 $ 1,453.109 Intangible assets S 1.157 1165 957 224 Retained earnings $ 2.620.2345 2.921,884 Total owners' equity 4,078,084 5 4,374,993 TOTAL LIABILITIES TOTAL ASSETS 14,685,543 $ 14,115,357 AND OWNERS' EQUITY $ 14,685,543 S 14.115.357 Right click on the table and select Copy to clipboard and then night-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet GA