Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Score: 0 of 1 pt HW Score: 0% 0 of 11 pts Queso O P14-10 (similar to) Inca Financial rate Financial leverage. The tra n

image text in transcribed
image text in transcribed
image text in transcribed
Score: 0 of 1 pt HW Score: 0% 0 of 11 pts Queso O P14-10 (similar to) Inca Financial rate Financial leverage. The tra n sfer Tier of the charge na waant concom for the map of the Toys Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,097 S 13,566,613 Cost of goods sold $ 8,448,622 S -8,131, 156 Selling, general, and administrative expenses S 997,573 $ -981,232 Depreciation S -1,498,664 S -1,472,990 $ 3,201,238 $ 2.981,235 Interest expense -375,415 S -354,506 Taxes $ -1,073,813 $ -998.157 Net income $ 1,752,010 $ 1,628,572 EBIT 2014 2013 ASSETS Current assets Cash $ 1,545,704 $ 312,978 $ 1,858,682 $ 1,456,137 333,548 1,789,685 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,781 $ 186,740 Accounts payable 180,291 $ 121,337 Short-term debt 667,534 $ 630,660 Total current liabilities 587,726 S 564,011 Long-term liabilities ,626,332 $ 1,502,748 Debt Other liabilities 3,053,475 $ 2,827,132 Total liabilities 8,496,605 $ 8,481,373 OWNERS' EQUITY 347,499 S 346,244 Common stock 1,157,020 $ 956,900 Retained earnings Total owners' equity TOTAL LIABILITIES 14,680,931 5 14,114,397 AND OWNERS' EQUITY Investments Accounts receivable Inventory Total current assets S Long-term assets Investments $ Plant, property, and equipments Goodwill Intangible assets $ $ 7,286,256 $ 1,463,463 $ 10,608,401 $ 6,604,614 1,346,760 9,741,059 1,457,576 $ 2,614,954 S 4,072,530 $ 1,454,031 2,919,307 4,373,338 TOTAL ASSETS $ s 14,680,931 $ 14,114,397

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fintech For Finance Professionals

Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang

1st Edition

9811241864, 978-9811241864

More Books

Students also viewed these Finance questions