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Please explain. Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: . Calculate the inventory turnover, days'
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Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: . Calculate the inventory turnover, days' sales in inventor) receivables turnover, days' sales in receivables, and total asset turnover 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? Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 \begin{tabular}{|l|lr|rr|} \hline & \multicolumn{2}{|c|}{2014} & & 2013 \\ \hline Revenue & $ & 14,146,700 & $ & 13,566,400 \\ Cost of goods sold & $ & 8,449,100 & $ & 8,131,300 \\ Selling, general, and \\ administrative expenses & $ & 999,320 & $ & 982,160 \\ Depreciation & $ & 1,498,980 & $ & 1,473,240 \\ \hline EBIT & $ & 3,199,300 & $ & 2,979,700 \\ Interest expense & $ & 375,000 & $ & 356,100 \\ Taxes & $ & 1,093,300 & $ & 1,041,500 \\ \hline Net income & $ & 1,731,000 & $ & 1,582,100 \\ \hline \end{tabular} Balance Sheet as of December 31, 2013 and 2014
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