The financial statements for Tyler Toys, Inc. are shown. 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 Toys or the shareholders?

What is the debt ratio for 2014?

(Round to four decimal places.)

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,639 $ 13,566,821 Cost of goods sold $ -8,447,535 $ -8,131,229 Selling, general, and administrative expenses -998,674 $ -980,004 Depreciation $ -1,497,777 $ -1,472,652 EBIT $ 3,203,653 $ 2,982,936 Interest expense $ -375,473 $ -354,159 Taxes $ -1,074,708 $ -998,935 Net income $ 1,753,472 $ 1,629,842 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. Cash Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities 190,686 $ 186,225 Accounts payable 1,546,997 $ 1,456,086 Investments 181,163 $ 121,371 Short-term debt 312,331 $ 332,999 Accounts receivable $ 667,144 $ 630,843 Total current liabilities $ 1,859,328 $ 1,789,085 Inventory 588,618 $ 564,727 Long-term liabilities Total current assets 1,627,611 $ 1,503,166 Debt 7,285,760 $ 6,604,497 Long-term assets Other liabilities 1,463,719 $ 1,345,968 Investments 3,053,934 $ 2,827,909 Total liabilities $ 10,608,807 $ 9,739,550 Plant, property, and equipment $ 8,496,679 $ 8,481,306 OWNERS' EQUITY Goodwill 347,647 $ 346,119 Common stock $ 1,458,045 $ 1,453,595 Intangible assets $ 1,157,885 $ 956,059 Retained earings $ 2,616,904 $ 2,921,414 Total owners' equity $ 4,074,949 $ 4,375,009 TOTAL LIABILITIES TOTAL ASSETS $ 14,683,756 $ 14,114,559 AND OWNERS' EQUITY $ 14,683,756 $ 14,114,559 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