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Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,340 $ -8,447,204 $ 13,566,166 -8,132,740 $ Cost
Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,340 $ -8,447,204 $ 13,566,166 -8,132,740 $ Cost of goods sold Selling, general, and administrative expenses Depreciation $ -997,105 $ -981,953 $ -1,498,362 $ -1,471,035 EBIT $ 3,204,669 $ -375,111 $ 2,980,438 -354,761 Interest expense $ Taxes $ -1,075,232 $ -997,757 Net income $ 1,754,326 $ 1,627,920 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 $ 191,019 $ $ 1,546,255 $ 1,456,787 187,956 Accounts payable 120,304 Short-term debt Investments $ 180,980 $ $ 311,766 $ 332,202 Accounts receivable $ 668,401 $ 631,416 Total current liabilities $ 1,858,021 $ 1,788,989 Inventory $ 588,477 $ 564,799 Long-term liabilities Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. 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
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