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Calculate the inventory tumover ratio, receivables turnover ratio, and total asset turnover ratios and cash ratio a. for 2017 and comment how sound is the operations of Tyler Toys Tyler Roya, Inc. Income Statement for Year Ending Dooember 31, 2018 and 2017 2017 2016 Revenue $ 14,146.700 $ 13.566,400 Cost of goods sold 8,449,100 $ 8,131.300 Selling general, and administrative expenses $ 999,320 982,160 Depreciation $ 1,498,980 $ 1.473.240 EBIT 3.199.300 $ 2.979.700 Interest expense 375.000 356,100 Taxes $ 1.093,300 $ 1.041.500 Net income $ 1,731,000 $ 1,582,100 2017 2016 $ 1.545,700 311,500 S 1,857,200 $ 1,455,100 S 332,600 S 1,787,700 S 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, 2016 and 2017 2017 2016 LIABILITIES Current liabilities 191,000 S 188,900 Accounts payable 182.300 121.800 Short-term debt 669,400 630,400 Total current liabilities 587,500 563,600 Long-term liabilities $ 1,630,200 $ 1,504,700 Debt Other liabilities $ 3052.000 2827.900 Total liabilities OWNERS'EQUITY $ 8.498.900 $ 8481,500 Common stock 149.00 145.700 Retained earnings S 1.150 956.700 Total owners' equity TOTAL LIABILITIES S14,689.400 S14.119.500 AND OWNERS' EQUITY $ 8.658.400 1.462.100 $11.977.700 S 7.934,400 S 1,345,100 $11,067,200 IS 1.453,400 $ 1.598.900 S 3,052,300 $ 2,711,700 TOTAL ASSETS $14,689.400 $14.119,500

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