part 1-7 Question. Explain in detail.

@ = Homework: Chapter 14 Homework Question 4, P14-10 (similar to) Part 1 of 7 HW Score: 22.22%, 2 of 9 points Points: 0 of 1 Save Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window Calculate the debt ratio, times interest earned 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 Tays or the shareholders? What is the debt ratio for 2014? (Round to four decimal places) Data table - X Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14.146.8985 13,566 834 Cost of goods sold S -8.448 3525 8.131214 Selling general and administrative expenses 5 997 7535 980,216 Depreciation $ -1,497 861 5 - 1,472 450 EBIT $ 3.202.9325 2982 954 Interest expense s 375 737 -354 557 Taxes $ -1,0743345 -998,791 Net income 5 1.752,061 1.629,606 Right chok on the table and select Copy to Cupboard 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 Sheets of December 31, 2013 and 2014 2014 2013 LANILITIES Current liabilities 190.72015 106 280 Accounts payable 100.51715 121.939 Short term debit 2014 ASSETS Current assets ( cash Investments 2013 5 Hel 5 Exit 5 1.545,3165 3121855 1.456,821 333.046 5 ver ETER Net income $ 1,752,861 $ 1,629,606 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 Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190.7205 186,280 Accounts payable $ 1,545, 3165 1.456.821 Investments 1805175 121.939 Short-term debt S 312,185 $ 333,046 Accounts receivable $ 667 598 $ 631,462 Total current liabilities $ 1,857,501 $ 1,789,867 Inventory $ 588,012 $ 563,000 Long-term liabilities Total current assets 1,626,847 $ 1,502,681 Debt $ 7.286,6275 6.604.961 Long-term assets Other liabilities $ 1,463,016 $ 1,346,760 Investments 3,054 721 5 2,827 870 Total liabilities $ 10,607,144 $ 9,741,588 Plant, property, and equipment S 8.496.735 $ 8,481 450 OWNERS' EQUITY Goodwill $ 347 876 $ 347,097 Common stock $ 1.458 173 $ 1,453,2181 Intangible assets S 1.158.7471$ 957 355 Retained earnings S 2.619,6095 2 921,647 Total owners'equity $ 4,077.782 4,374,865 TOTAL LIABILITIES TOTAL ASSETS 14,684,926 5 14,116,453 AND OWNERS' EQUITY $ 14,684,926 S 14,116,453 Right click on the table and select Copy to clipboard and then nght-click the highlighted texts in the popup dialogue box and Select Copy in order to paste its contents into a spreadsheet $ A Print Done