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Score: 0 of 1 pt 3 of 9 (2 complete) HW Score: 22.22%, 2 of 9 pts P14-9 (similar to) Question Help Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. 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 current ratio for 2014? (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer parts 6 remaining AI Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ 14,147,036 $ 13,567,172 -8,447,558 S -8,131,818 Revenue Cost of goods sold Selling, general, and administrative expenses Depreciation $ $ -981.106 -997,365 $ -1,497,197 $ -1,471,782 EBIT 3.204.9161$ 2.982,466 Interest expense -376,242 $ -354,177 Taxes -1.074,896 $ -998,750 Net income 1,753,778$ 1,629,539 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 Data Table Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Cash $ $ 1,546,010 $ 311,348 $ Investments $ $ Current liabilities 186,554 Accounts payable 121,907 Short-term debt 630,344 Total current liabilities 563,585 Long-term liabilities 1,502,390 Debt 190,897 $ 181,928 $ 667,114 $ 588,921 $ 1,628,860 $ 1,455,419 333,726 1,789,145 $ $ 1,857,358$ $ $ $ Accounts receivable Inventory Total current assets Long-term assets Investments Piant, property, and equipment 7,285,5615 1,462,778 $ Other liabilities $ 6,603,831 1,345,754 9,738,730 $ $ 10,605,697 $ 3,054,862 $ 8,496,802 $ 2.827 552 Total liabilities 8,480,386 OWNERS' EQUITY Enole 27 E704 10 Print Done 3 of 9 (2 complete) HW SO - Data Table VU Inventory $ 588,921 $ 563,585 Long-term liabilities Total current assets $ 1,628,860 $ 1,502,390 Debt S 7,285,561 $ 6,603,831 Long-term assets Other liabilities $ 1,462,778 $ 1,345,754 Investments $ 3,054,862 $ 2,827 552 Total liabilities $ 10,605,697 $ 9,738,730 Plant, property, and equipment $ 8,496,8025 8.480,386 OWNERS' EQUITY Goodwill $ 348,500 $ 347,990 Common stock $ 1,457,921 $ 1,453,828 Intangible assets $ 1.157.384 $ 956,002 Retained earnings $ 2.622,798 $ 2,921,762 Total owners' equity $ 4,080,719 $ 4,375,590 TOTAL LIABILITIES TOTAL ASSETS $ 14,686,416 S 14,114,320 AND OWNERS' EQUITY 14,686,416 $ 14,114,320 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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