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Score: 0 of 1 pt 4 of a complet HW Score: 22 22%, 2 of 9 Question Hop P14-10 (similar to) Financial ratios Financial leverage. The financial statements for Tyler Toys, Inc. we shown in the popup window Calculate the debt rationes interest med et and coverage for 2013 and 2014 for Tyler Toys Should any of these tear the change in auto warrant concern for the managers of Ty Toys or be shareholders What is the debt to for 20147 Round to tour decimal places Enter your rower in the answer box and then chok Check $ $ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,786 $ 13,566,216 Cost of goods sold $ -8.447.799 $ -8,132,748 Selling, general, and administrative expenses S -997,023 S -980,634 Depreciation S -1,497.725 S -1.472,683 EBIT $ 3,204,239 $ 2.980.151 interest expense -375,637$ -354,709 Taxes $ -1,074,869 S -997,668 Net income S 1,753,733$ 1,627,774 Right click on the table and select Copy to Clipboard and then right-click the Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ $ 1,546,763 $ 187,273 Accounts payable 121,908 Short-term debt Investments $ $ 311,869 $ 1.456,071 332,451 1,787,522 Accounts receivable 190,719 $ 181,199 $ 667,801 $ 587,814 $ 1,627,533 $ $ 631,049 Total current liabilities $ 1,858,632 $ $ Inventory Total current assets 563,999 Long-term liabilities 1,504,229 Debt $ 7.285 286 $ Other liabilities $ 1,462,8871$ Long-term assets Investments 6,603,561 1,345,081 9,736,164 $ 10,606,805 $ 3,053,009 $ 8,497 992 $ 2,828,928 Total liabilities 8.480,921 OWNERS' EQUITY Plant, property, and equipment S Data Table www re WT $ $ Inventory $ 587,814 $ 563,999 Long-term liabilities Total current assets $ 1,627,533 $ 1,504,229 Debt 7,285,286 $ 6,603,561 Long-term assets Other liabilities 1,462,887$ 1,345,081 Investments $ 3,053,009 $ 2,828,928 Total liabilities $ 10,606,805 $ 9,736,164 Plant, property, and equipment $ 8,497 992 $ 8.480,921 OWNERS' EQUITY Goodwill $ 348,8171 $ 347.257 Common stock $ 1,457,174 $ 1,454,564 Intangible assets $ 1,157,610 $ 956,059 Retained earnings $ 2,620,982 $ 2,926,666 Total owners' equity $ 4,078,156 $ 4,381,230 TOTAL LIABILITIES TOTAL ASSETS $ 14,684,961 $ 14,117,394 AND OWNERS' EQUITY $ 14,684,961 $ 14,117,394 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 Score: 0 of 1 pt 4 of 9 (2 complete) HW Score: 22.22%, 2 of 9 pts P14-10 (similar to) Question Help Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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? (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer 6 parts remaining Glear All Check

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