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Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: y Calculate the debt ratio, times interest earned ratio, and cash coverage ratio 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 th 's? Data Table ... What is the debt ratio for 2014? (Round to four decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ Revenue 14,146,340 $ 13,567,844 $ -8,447,599 $ -8,132,450 Cost of goods sold Selling, general, and administrative expenses Depreciation $ -997,111 $ -980.825 $ -1,498,026 $ -1,471,036 $ 3,203,604 $ 2.983,533 EBIT $ -375,764 $ -355,038 Interest expense $ -1,074,579 $ -998,828 Taxes 4 629 667 1 753 2641S $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 191,503 $ 187,832 Accounts payable 1,545,168 $ 1,456,761 Investments 120,644 Short-term debt 311,143 $ 332,675 Accounts receivable $ 181,773 $ 667,046 $ 588,859 $ 630,564 Total current liabilities 1,856,311$ 1,789,436 Inventory 564,524 Long-term liabilities 1,503,564 Debt Total current assets 1,629,181 $ 6,603,805 7,285,387 $ 1,463,934 $ Long-term assets Other liabilities 1,345,403 Investments $ 3,054,984 $ 2,827,018 Total liabilities $ 10,605,632 $ 9,738,644 ta table $ 1,629,181 $ Total current assets 1,503,564 Debt $ 6,603,805 7,285,387 $ Other liabilities $ 1,463,934 $ 1,345,403 Long-term assets $ EA 9,738,644 10,605,632 $ Investments $ 2,827,018 Total liabilities 3,054,984 $ Plant, property, and equipment $ 8,496,676 $ 8,481,569 OWNERS' EQUITY $ 1,453,064 347,354 Common stock Goodwill 348,003 $ $ $ 1,457,734 $ 2,622,905 $ $ 2,925,312 Intangible assets 957,515 Retained earnings 1,157,427 $ Total owners' equity $ 4,080,639 $ 4,378,376 TOTAL LIABILITIES 14,686,271 $ $ 14,117,020 A 14,117,020 AND OWNERS' EQUITY 14.686.271 $

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