Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ 13,567,742 14,147,228 $ -8,448,502 $ $ -8,132,677 Revenue Cost of goods sold Selling, general, and administrative expenses Depreciation $ -997,588 $ -980,523 $ $ -1,497,846 $ -1,472,172 2,982,370 EBIT $ 3,203,292 $ -376,518$ Interest expense $ -355,743 Taxes $ -1,074,174 $ -998,118 Net income $ 1,752,600 $ 1,628,509 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES ASSETS 2014 2013 Current assets Current liabilities Cash $ 191, 162 $ 187,312 Accounts payable $ 1,546,595 $ 1,456,732 Investments $ 180,718$ 121,211 Short-term debt 312,389 $ 332,646 Accounts receivable $ $ 1,858,984 $ 1,789,378 668,838 $ 588,099 $ Inventory $ 630,837 Total current liabilities 563,971 Long-term liabilities 1,503,331 Debt Total current assets $ 1,628,817 $ $ 7,286,921 $ 6,604,298 Long-term assets Other liabilities $ 1,462,405 $ 1,346,037 Investments $ 3,054,376 $ 2,827,062 Total liabilities 10,608,310 $ 9,739,713 Total current assets $ 1,628,817 $ 1,503,331 Debt $ 7,286,921 $ 6,604,298 Long-term assets Other liabilities $ 1,346,037 1,462,405 $ 10,608,310 $ Investments $ 3,054,376$ 2,827,062 Total liabilities $ 9,739,713 Plant, property, and equipment $ Goodwill $ 8,497,093 $ 347,630 $ 8,480,805 OWNERS' EQUITY 346,372 Common stock 956,167 Retained earnings $ 1,458,254 $ 1,453,078 2,920,946 Intangible assets $ 1,158,659 $ $ 2,620,011 $ Total owners' equity $ 4,078,265 $ 4,374,024 TOTAL LIABILITIES TOTAL ASSETS $ 14,686,575 $ 14,113,737 AND OWNERS' EQUITY $ 14,686,575 $ 14,113,737 I. What is the debt ratio for 2014? (Round to four decimal places.) What is the debt ratio for 2013? (Round to four decimal places.) What is the times interest earned ratio for 2014? (Round to four decimal places.) What is the times interest earned ratio for 2013? (Round to four decimal places.) What is the cash coverage ratio for 2014? What is the times interest earned ratio for 2013? (Round to four decimal places.) What is the cash coverage ratio for 2014? (Round to four decimal places.) What is the cash coverage ratio for 2013? (Round to four decimal places.) Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? (Select the best response.) O A. The debt ratio is very high and would warrant concern if the cash coverage ratio or the times interest earned ratio was high, but with low ratios this means they are handling their large debt well. OB. The debt ratio is very low and would warrant concern if the cash coverage ratio or the times interest earned ratio was high, but with low ratios this m O C. The debt ratio is very low and would warrant concern if the cash coverage ratio or the times interest earned ratio was low, but with high ratios this n Q Battery saver