Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Cash Current liabilities 186,044|Accounts payable 191,952 S 181,804 S 668,492 $ 588,138 $ $ 1,630,386 s 1,546,111 S 1,456,923 311,912 $ 333,165 Investments Accounts receivable Inventory Total current assets 120,626 Short-term debt 630,878|Total current liabilities 564,901 Long-term liabilities 1,858,023 s 1,790,088| 7,286,864 $ 6,603,270| 1,463,791 $ 1,345,217| $ 10,608,678| $ 1,502,449 Debt Other liabilities Long-term assets Investments 3,053,938| S Plant, property, and equipment s 8,496,976|$ 348,838| $ 1,158,055 $ 2,827,949 Total liabilities 9,738,575 8,481,706|OWNERS' EQUITY Goodwill Intangible assets 1,457,173 $ 1,454,320| 2,622,342 s 2,923,236| 4,079,515 $ 347,880 Common stock 956,147 Retained earnings $ Total owners' equity $ 4,377,556| TOTAL LIABILITIES TOTAL ASSETS 14,688,193| $ 14,116,131 AND OWNERS' EQUITY $ 14,688,193| $ 14,116,131 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24
Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Cash Current liabilities 186,044|Accounts payable 191,952 S 181,804 S 668,492 $ 588,138 $ $ 1,630,386 s 1,546,111 S 1,456,923 311,912 $ 333,165 Investments Accounts receivable Inventory Total current assets 120,626 Short-term debt 630,878|Total current liabilities 564,901 Long-term liabilities 1,858,023 s 1,790,088| 7,286,864 $ 6,603,270| 1,463,791 $ 1,345,217| $ 10,608,678| $ 1,502,449 Debt Other liabilities Long-term assets Investments 3,053,938| S Plant, property, and equipment s 8,496,976|$ 348,838| $ 1,158,055 $ 2,827,949 Total liabilities 9,738,575 8,481,706|OWNERS' EQUITY Goodwill Intangible assets 1,457,173 $ 1,454,320| 2,622,342 s 2,923,236| 4,079,515 $ 347,880 Common stock 956,147 Retained earnings $ Total owners' equity $ 4,377,556| TOTAL LIABILITIES TOTAL ASSETS 14,688,193| $ 14,116,131 AND OWNERS' EQUITY $ 14,688,193| $ 14,116,131 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Chapter 14, Question 3
Transcribed Image Text:Financial ratios: Asset management. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. Calculate the inventory turnover, days'
sales in inventory, receivables turnover, days' sales in receivables, and total asset turnover 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?
Data Table
Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
2014
2013
Revenue
$
14,146,250 $
13,567,142
-8,448,727 $
Cost of goods sold
Selling, general, and
ladministrative expenses
$
-8,131,922
$
-997,531 $
-981,734
Depreciation
-1,498,624 $
-1,472,710
EBIT
$
3,201,368 $
2,980,776
Interest expense
$
-375,740 $
-355,712
Таxes
$
-1,073,739 $
-997,524
Net income
$
1,751,889 $
1,627,540
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
Transcribed Image Text:Balance Sheet as of December 31, 2013 and 2014
ASSETS
2014
2013
LIABILITIES
2014
2013
Current assets
Current liabilities
191,952 $
186,044 Accounts payable
120,626 Short-term debt
Cash
$
1,546,111 $
1,456,923
333,165
Investments
Accounts receivable
$
181,804 $
$
311,912 $
$
668,492 $
630,878 Total current liabilities
1,858,023 $
1,790,088
Inventory
$
588,138 $
564,901 Long-term liabilities
Total current assets
1,630,386 $
1,502,449 Debt
7,286,864 $
1,463,791 $
6,603,270
1,345,217
$
Long-term assets
Other liabilities
$
Investments
$
3,053,938 $
2,827,949 Total liabilities
$
10,608,678| $
9,738,575
Plant, property, and equipment $
8,496,976 $
8,481,706 OWNERS' EQUITY
Goodwill
$
348,838 $
347,880 Common stock
1,457,173 $
1,454,320
Intangible assets
$
1,158,055 $
956,147 Retained earnings
2,622,342 $
2,923,236
Total owners' equity
4,079,515 $
4,377,556
TOTAL LIABILITIES
TOTAL ASSETS
$
14,688,193 $ 14,116,131 AND OWNERS' EQUITY
$
14,688,193 $ 14,116,131
%24
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%24
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%24
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