Financial ratios: Asset management. Calculate the inventory turnover 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 Toys, Inc. Income Statement for Years Ending December 31, 2016 and 2017 2017 2016 Revenue $ 14,146,700 $ 13,566,400 $ 8,449,100 $ 8,131,300 Cost of goods sold Selling, general, and administrative expenses Depreciation $ 999,320 $ $ 982,160 1,473,240 $ 1,498,980 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 ASSETS 2017 2016 Current assets Cash A A $ 1,545,700 $ 311,500 $ 1,857,200 $ 1,455,100 $ 332,600 $ 1,787,700 Accounts receivable Inventory Total current assets A Tyler Toys, Inc. Balance Sheet as of December 31, 2016 and 2017 2017 2016 LIABILITIES Current liabilities 191,000 188,900 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 $ 3,052,000 $ 2,827,900 Total liabilities OWNERS'EQUITY $ 8,498,900 $ 8,481,500 Common stock $ 349,000 $ 348,700 Retained earnings $ 1,159,300 $ 956,700 Total owners' equity TOTAL LIABILITIES $14,689,400 $14,119,500 AND OWNERS'EQUITY $ 8,658,400 $ 1,462,100 $11,977,700 $ 7,934,400 $ 1,345,100 $11,067,200 | Long-term assets Investments Plant, property, and equipment Goodwill Intangible assets $ 1,457,900 $ 1,253,800 $ 2,711,700 $ 1,453,400 $ 1,598,900 $ 3,052,300 TOTAL ASSETS $14,689,400 $14,119,500