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?
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?
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
Practice Pack
The financial statements for Tyler Toys, Inc. are shown in the popup window:
LOADING...
.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?
|
Tyler Toys, Inc.
|
||
|
Income Statement for Years Ending December 31, 2013 and 2014
|
||
|
|
2014
|
2013
|
|
Revenue
|
$14,146,091
|
$13,567,817
|
|
Cost of goods sold
|
$-8,447,104
|
$-8,131,461
|
|
Selling, general, and
administrative expenses |
$-998,668
|
$-981,881
|
|
|
$-1,498,161
|
$-1,471,091
|
|
EBIT
|
$3,202,158
|
$2,983,384
|
|
Interest expense
|
$-375,459
|
$-354,144
|
|
Taxes
|
$-1,074,146
|
$-999,111
|
|
Net income
|
$1,752,553
|
$1,630,129
|
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.
|
|||||
|
|
|||||
|
ASSETS
|
2014
|
2013
|
LIABILITIES
|
2014
|
2013
|
|
Current assets
|
|
|
Current liabilities
|
|
|
|
Cash
|
$190,346
|
$186,076
|
Accounts payable
|
$1,545,603
|
$1,456,119
|
|
Investments
|
$180,787
|
$120,392
|
Short-term debt
|
$312,462
|
$333,048
|
|
Accounts receivable
|
$668,732
|
$631,597
|
Total current liabilities
|
$1,858,065
|
$1,789,167
|
|
Inventory
|
$587,652
|
$563,404
|
Long-term liabilities
|
|
|
|
Total current assets
|
$1,627,517
|
$1,501,469
|
Debt
|
$7,286,852
|
$6,603,319
|
|
Long-term assets
|
|
|
Other liabilities
|
$1,463,152
|
$1,346,912
|
|
Investments
|
$3,053,174
|
$2,828,775
|
Total liabilities
|
$10,608,069
|
$9,739,398
|
|
Plant, property, and equipment
|
$8,496,985
|
$8,480,110
|
OWNERS’ EQUITY
|
|
|
|
|
$348,885
|
$347,432
|
Common stock
|
$1,457,684
|
$1,454,337
|
|
Intangible assets
|
$1,157,467
|
$956,707
|
|
$2,618,275
|
$2,920,758
|
|
|
|
|
Total owners’ equity
|
$4,075,959
|
$4,375,095
|
|
|
|
|
TOTAL LIABILITIES
|
|
|
|
TOTAL ASSETS
|
$14,684,028
|
$14,114,493
|
AND OWNERS’ EQUITY
|
$14,684,028
|
$14,114,493
|
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.
PrintDone
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Includes step-by-step video
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education