Financial? ratios: Asset management. Thefinancial statements for Tyler? Toys, Inc. are shown below.Calculate the inventory? turnover, days' sales in? inventory,receivables? turnover, days' sales in? receivables, and total assetturnover for 2013 and 2014 for Tyler Toys. Should any of theseratios or the change in a ratio warrant concern for the managers ofTyler Toys or the? shareholders?

Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and2014
	2014	2013
Revenue	$14,147,844	$13,566,081
Cost of goods sold	$-8,448,121	$-8,131,751
Selling, general, and administrative expenses	$-997,351	$-981,956
Depreciation	$-1,498,005	$-1,471,279
EBIT	$3,204,367	$2,981,095
Interest expense	$-375,975	$-355,216
Taxes	$-1,074,789	$-997,834
Net income	$1,753,603	$1,628,045

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Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and2014
ASSETS	2014	2013	LIABILITIES	2014	2013
Current assets			Current liabilities
Cash	$191,800	$186,995	Accounts payable	$1,545,434	$1,456,815
Investments	$180,888	$120,534	Short-term debt	$311,087	$333,794
Accounts receivable	$667,251	$631,113	Total current liabilities	$1,856,521	$1,790,609
Inventory	$588,772	$563,814	Long-term liabilities
Total current assets	$1,628,711	$1,502,456	Debt	$7,285,670	$6,603,931
Long-term assets			Other liabilities	$1,462,111	$1,346,207
Investments	$3,053,195	$2,828,266	Total liabilities	$10,604,302	$9,740,747
Plant, property, and equipment	$8,496,792	$8,481,309	OWNERS’ EQUITY
Goodwill	$347,021	$347,194	Common stock	$1,457,331	$1,453,971
Intangible assets	$1,158,088	$957,411	Retained earnings	$2,622,174	$2,921,918
			Total owners’ equity	$4,079,505	$4,375,889
			TOTAL LIABILITIES
TOTAL ASSETS	$14,683,807	$14,116,636	AND OWNERS’ EQUITY	$14,683,807	$14,116,636

What is the inventory turnover ratio for? 2014? ________ ?(Roundto four decimal? places.)

What is the inventory turnover ratio for? 2013? ________ ?(Roundto four decimal? places.)

What is the? days' sales in inventory ratio for? 2014? ________days (Round to four decimal? places.)

What is the? days' sales in inventory ratio for? 2013? ________days ?(Round to four decimal? places.)

What is the receivables turnover ratio for? 2014? ________?(Round to four decimal? places.)

What is the receivables turnover ratio for? 2013? _________?(Round to four decimal? places.)

What is the? days' sales in receivables ratio for? 2014? _______days (Round to four decimal? places.)

What is the? days' sales in receivables ratio for? 2013? _______days ?(Round to four decimal? places.)

What is the total asset turnover ratio for? 2014? _______?(Round to four decimal? places.)

What is the total asset turnover ratio for? 2013? ________?(Round to four decimal? places.)

Should any of these ratios or the change in a ratio warrantconcern for the managers of Tyler Toys or the?shareholders??(Select the best? response.)

A. The company has a very poor turnover of assets and collectsits receivables? quickly; thus there are some concerns from theseratios.

B. The company has a very good turnover of assets but collectsits receivables? slowly; thus there are some real concerns fromthese ratios.

C. The company has a very good turnover of assets and collectsits receivables? quickly; thus there are major concerns from theseratios.

D. The company has a very good turnover of assets and collectsits receivables? quickly; thus there are no real concerns fromthese ratios.