Answered step by step
Verified Expert Solution
Question
1 Approved Answer
$ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,917 $ 13,567,748 Cost of goods sold
$ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,917 $ 13,567,748 Cost of goods sold -8,447,245 $ -8,132,278 Selling, general, and administrative expenses $ -998,694 $ -980,847 Depreciation -1,498,354 $ -1,471,151 EBIT 3,202,624 $ 2,983,472 Interest expense -376,722 $ -354,695 Taxes -1,073,843 $ -998,935 Net income $ 1,752,059 $ 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. A Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. 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 2014 2013 Revenue $ 14,146,917 $ 13,567,748 Cost of goods sold -8,447,245 $ -8,132,278 Selling, general, and administrative expenses $ -998,694 $ -980,847 Depreciation -1,498,354 $ -1,471,151 EBIT 3,202,624 $ 2,983,472 Interest expense -376,722 $ -354,695 Taxes -1,073,843 $ -998,935 Net income $ 1,752,059 $ 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. A Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started