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Financial ratios: Financial leverage.The financial statements for Tyler Toys, Inc. are shown in the popup window:

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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 the shareholders?

What is the debt ratio for 2014?

Above is the first of 7 parts. Please calculate all of the other ratios and provide all 7 parts. If more information is needed please let me know ASAP. Thank you!

Data table cial statements In for the ma Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $14,146,538 S13,566,093 Cost of goods sold $-8,447,058 S-8,131,735 Selling, general, and administrative expenses $ -997,4105 -980,913 Depreciation $-1,497,484 S-1,471,453 |EBIT $ 3,204,586 S 2,981,992 Interest expense $ -375,797 S 355,329 Taxes $-1,074,940 % -998,132|| Net income $ 1,753,849 S 1,628,531 Right click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 191,108$ 186.111 Accounts payable $ 1,545,281 $ 1,455,758 Investments $ 180,285 $ 121,128 Short-term debt $ 311,357 $ 332,435 Total current Accounts receivable $ 667,177 $ 631,062 liabilities $ 1,856,638 $ 1,788,193 Inventory $ 588,061 $ 564,053 Long-term liabilities Total current assets $ 1,626,631 $ 1,502,354 Debt $ 7,285,180 $ 6,603, 196 Long-term assets Other liabilities $ 1,463,304 $ 1,345,652 Investments $ 3,053,428 $ 2,828,245 Total liabilities $10,605,122 $ 9,737,041 Plant, property, and equipment $ 8,496,403 $ 8,480,318 OWNERS' EQUITY Goodwill $ 348,142 $ 346,746 Common stock $ 1,458,888 $ 1,453,376 Intangible assets $ 1,157,491 $ 956,973 Retained earnings $ 2,618,085 $ 2,924,219 Total owners' equity $ 4,076,973 $4,377,595 TOTAL LIABILITIES AND OWNERS' TOTAL ASSETS $14,682,095 $14, 114,636 EQUITY $14,682,095 $14,114,636 Right click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet. Print Done Data table cial statements In for the ma Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $14,146,538 S13,566,093 Cost of goods sold $-8,447,058 S-8,131,735 Selling, general, and administrative expenses $ -997,4105 -980,913 Depreciation $-1,497,484 S-1,471,453 |EBIT $ 3,204,586 S 2,981,992 Interest expense $ -375,797 S 355,329 Taxes $-1,074,940 % -998,132|| Net income $ 1,753,849 S 1,628,531 Right click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 191,108$ 186.111 Accounts payable $ 1,545,281 $ 1,455,758 Investments $ 180,285 $ 121,128 Short-term debt $ 311,357 $ 332,435 Total current Accounts receivable $ 667,177 $ 631,062 liabilities $ 1,856,638 $ 1,788,193 Inventory $ 588,061 $ 564,053 Long-term liabilities Total current assets $ 1,626,631 $ 1,502,354 Debt $ 7,285,180 $ 6,603, 196 Long-term assets Other liabilities $ 1,463,304 $ 1,345,652 Investments $ 3,053,428 $ 2,828,245 Total liabilities $10,605,122 $ 9,737,041 Plant, property, and equipment $ 8,496,403 $ 8,480,318 OWNERS' EQUITY Goodwill $ 348,142 $ 346,746 Common stock $ 1,458,888 $ 1,453,376 Intangible assets $ 1,157,491 $ 956,973 Retained earnings $ 2,618,085 $ 2,924,219 Total owners' equity $ 4,076,973 $4,377,595 TOTAL LIABILITIES AND OWNERS' TOTAL ASSETS $14,682,095 $14, 114,636 EQUITY $14,682,095 $14,114,636 Right click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet. Print Done

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