The financial statements for Tyler Toys, Inc. are shown below:

Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
	2014	2013
Revenue	$14,146,762	$13,567,314
Cost of goods sold	$-8,448,377	$-8,131,549
Selling, general, and administrative expenses	$-998,241	$-980,596
Depreciation	$-1,497,573	$-1,471,654
EBIT	$3,202,571	$2,983,515
Interest expense	$-376,395	$-354,275
Taxes	$-1,073,947	$-999,111
Net income	$1,752,229	$1,630,129

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Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and 2014
ASSETS	2014	2013	LIABILITIES	2014	2013
Current assets			Current liabilities
Cash	$190,053	$187,693	Accounts payable	$1,545,460	$1,455,533
Investments	$180,985	$121,500	Short-term debt	$311,089	$332,423
Accounts receivable	$667,572	$631,508	Total current liabilities	$1,856,549	$1,787,956
Inventory	$587,938	$563,422	Long-term liabilities
Total current assets	$1,626,548	$1,504,123	Debt	$7,286,077	$6,604,804
Long-term assets			Other liabilities	$1,463,741	$1,346,208
Investments	$3,053,060	$2,827,358	Total liabilities	$10,606,367	$9,738,968
Plant, property, and equipment	$8,496,079	$8,481,772	OWNERS EQUITY
Goodwill	$348,823	$346,609	Common stock	$1,458,475	$1,453,150
Intangible assets	$1,157,641	$956,591	Retained earnings	$2,617,309	$2,924,335
			Total owners equity	$4,075,784	$4,377,485
			TOTAL LIABILITIES
TOTAL ASSETS	$14,682,151	$14,116,453	AND OWNERS EQUITY	$14,682,151	$14,116,453

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.)

What is the inventory turnover ratio for 2013?

(Round to four decimal places.)

What is the days' sales in inventory ratio for 2014?

days(Round to four decimal places.)

What is the days' sales in inventory ratio for 2013?

days(Round to four decimal places.)

What is the receivables turnover ratio for 2014?

(Round to four decimal places.)

What is the receivables turnover ratio for 2013?

(Round to four decimal places.)

What is the days' sales in receivables ratio for 2014?

days(Round to four decimal places.)

What is the days' sales in receivables ratio for 2013?

days(Round to four decimal places.)

What is the total asset turnover ratio for 2014?

(Round to four decimal places.)

What is the total asset turnover ratio for 2013?

(Round to four decimal places.)

Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?(Select the best response.)

A.The company has a very good turnover of assets and collects its receivables quickly; thus there are no real concerns from these ratios.

B.The company has a very good turnover of assets but collects its receivables slowly; thus there are some real concerns from these ratios.

C.The company has a very good turnover of assets and collects its receivables quickly; thus there are major concerns from these ratios.

D.The company has a very poor turnover of assets and collects its receivables quickly; thus there are some concerns from these ratios.