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please solve all 11 parts Thanks! Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: : Calculate
please solve all 11 parts Thanks!
Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: : Calculate the inventory turnover, days' sales in inventory, 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? What is the inventory turnover ratio for 2014? | (Round to four decimal places.) Data table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,119 $ 13,566,937 Cost of goods sold $ -8,447,152 $ -8,131,358 Selling, general, and administrative expenses $ -997,514 $ -981,502 Depreciation $ -1,497,223 $ -1,472,953 EBIT $ 3,204,230$ 2,981,124 Interest expense $ -375,567 $ -355,799 Taxes $ -1,074,892 $ -997,624 Net income $ 1,753,771 $ 1,627,701 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 $ 191,719 $ 186,062 Accounts payable $ 1,545,124 $ 1,456,690 Investments $ 181,995 $ 121,425 Short-term debt $ 312,857 $ 332,507 Accounts receivable $ 667,803 $ 630,234 Total current liabilities $ 1,857,981 $ 1,789,197 Inventory $ 587,367 $ 564,551 Long-term liabilities Total current assets $ 1,628,884 $ 1,502,272 Debt $ 7,286,501 $ 6,604,044 Long-term assets Other liabilities $ 1,462,377 $ 1,346,751 Investments $ 3,054,698 $ 2,828,395 Total liabilities $ 10,606,859 $ 9,739,992 Plant, property, and equipment $ 8,496,985 $ 8,481,268 OWNERS' EQUITY Goodwill $ 348,294 $ 346,801 Common stock $ 1,457,041 $ 1,454,046 Intangible assets $ 1,157,228 $ 956,510 Retained earnings $ 2,622,189 $ 2,921,208 Total owners' equity $ 4,079,230 $ 4,375,254 TOTAL LIABILITIES TOTAL ASSETS 14,686,089 $ 14,115,246 AND OWNERS' EQUITY $ 14,686,089 $ 14,115,246 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 spreadsheetStep by Step Solution
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