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What is the current ratio for 2014? nothing (Round to four decimal places.) What is the current ratio for 2013? nothing (Round to four decimal
What is the current ratio for 2014?
nothing
(Round to four decimal places.)
What is the current ratio for 2013?
nothing
(Round to four decimal places.)
What is the quick ratio for 2014?
nothing
(Round to four decimal places.)
What is the quick ratio for 2013?
nothing
(Round to four decimal places.)
What is the cash ratio for 2014?
nothing
(Round to four decimal places.)
ratio warrant concern for 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 the managers of Tyler Toys or the shareholders? What is the current ratio for 2014? Data Table .8768 (Round to four decimal places.) What is the current ratio for 2013? (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,062 $ 13,566,334 Cost of goods sold $ -8,448,204 $ -8,131,694 Selling, general, and administrative expenses $ -998,307 $ -981,422 Depreciation $ -1,497,711 $ -1,472,235 EBIT $ 3,201,840 $ 2.980,983 Interest expense $ -376,142 $ -355,942 Taxes $ -1,073,765 $ -997,516 Net income $ 1,751,933 $ 1,627,525 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. ASSETS Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,340 $ 187,604 Accounts payable 2014 2013 Enter your answer in the answer box and then click Check Answer. Current assets ? Cash S S 1,545,700 $ 1,456,803 5 parts remaining Check Answer Print Done P14-9 (similar to) Question Help 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? What is the current ratio for 2014? Data Table .8768 (Round to four decimal places.) What is the current ratio for 2013? (Round to four decimal places.) Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash S 191,340 S 187,604 Accounts payable S 1,545,700 $ 1,456,803 Investments S 181,978 120,176 Short-term debt S 311,943 S 332,047 Accounts receivable S 668,464 630,132 Total current liabilities S 1,857,643S 1,788,850 Inventory S 587,096 S 564,790 Long-term liabilities Total current assets S 1,628,878 S 1,502,702 Debt S 7,285,347 S 6,603,1561 Long-term assets Other liabilities S 1,463,0165 1,345,350 Investments S 3,054,450 $ 2,828,102 Total liabilities S 10,606,006 S 9,737,356 Plant, property, and equipment 8,496,305 S 8,481,421 OWNERS' EQUITY Goodwill S 348,0321S 347,239 Common stock S 1,458,176 s 1,453,832 Intangible assets S 1,157,093 S 957,003 Retained earnings S 2,620,576 S 2,925,279 Total owners' equity S 4,078,752 S 4,379,111 TOTAL LIABILITIES TOTAL ASSETS 14,684,758 S 14,116,467 AND OWNERS' EQUITY S 14,684,758S 14,116,467 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. Enter your answer in the answer box and then click Check Answer. 5 parts remaining CheckStep by Step Solution
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