QUESTIONS TO ANSWER: (PLEASE ANSWER ALL)

1. What is the inventory turnover ratio for 2014?

2. What is the inventory turnover ratio for 2013?

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

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

5. What is the receivables turnover ratio for 2014?

6. What is the receivables turnover ratio for 2013?

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

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

9. What is the total asset turnover ratio for 2014?

10. What is the total asset turnover ratio for 2013?

Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: Es 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? i Data Table (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,335 $ 13,566,709 Cost of goods sold $ -8,447,433 % -8,131,699 Selling, general, and administrative expenses -998,052 $ -981,957 Depreciation $ -1,497,233 $ -1,472,481 EBIT $ 3,204,617 $ 2,980,572 Interest expense $ -375,036 $ -355,545 Taxes $ -1,075,241 $ -997,510 Net income $ 1,754,340 $ 1,627,517 2014 2013 - EA EA EA EA $ $ $ 1,545,375 $ 311,452 $ 1,856,827 $ 1,455,491 332,644 1,788,135 ASSETS Current assets Cash Investments Accounts receivable Inventory $ Total current assets $ Long-term assets Investments $ Plant, property, and equipment $ Goodwill $ Intangible assets $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,136 $ 187,669 Accounts payable 181,874 $ 121,166 Short-term debt 668,511 $ 631,781 Total current liabilities 587,988 $ 564,764 Long-term liabilities 1,629,509 $ 1,505,380 Debt Other liabilities 3,054,831 $ 2,828,955 Total liabilities 8,497,786 $ 8,481,485 OWNERS' EQUITY 347,246 $ 347,926 Common stock 1,157,903 $ 956,912 Retained earnings Total owners' equity TOTAL LIABILITIES 14,687,275 $ 14,120,658 AND OWNERS' EQUITY $ $ 7,286,328 $ 1,462,075 $ 10,605,230 $ 6,604,020 1,345,822 9,737,977 $ $ $ 1,458,565 $ 2,623,480 $ 4,082,045 $ 1,454,483 2,928,198 4,382,681 TOTAL ASSETS $ 14,687,275 $ 14,120,658