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 20142013Revenue$14,146,091$13,567,817Cost of goods sold$-8,447,104$-8,131,461Selling, general, andadministrative expenses$-998,668$-981,881Depreciation$-1,498,161$-1,471,091EBIT$3,202,158$2,983,384Interest expense$-375,459$-354,144Taxes$-1,074,146$-999,111Net income$1,752,553$1,630,129Right-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 aspreadsheet. Tyler Toys, Inc.Balance Sheet as of December 31, 2013 and 2014ASSETS20142013LIABILITIES20142013Current assets Current liabilities Cash$190,346$186,076Accounts payable$1,545,603$1,456,119Investments$180,787$120,392Short-term debt$312,462$333,048Accounts receivable$668,732$631,597Total current liabilities$1,858,065$1,789,167Inventory$587,652$563,404Long-term liabilities Total current assets$1,627,517$1,501,469Debt$7,286,852$6,603,319Long-term assets Other liabilities$1,463,152$1,346,912Investments$3,053,174$2,828,775Total liabilities$10,608,069$9,739,398Plant, property, and equipment$8,496,985$8,480,110OWNERS’ EQUITY Goodwill$348,885$347,432Common stock$1,457,684$1,454,337Intangible assets$1,157,467$956,707Retained earnings$2,618,275$2,920,758 Total owners’ equity$4,075,959$4,375,095 TOTAL LIABILITIES TOTAL ASSETS$14,684,028$14,114,493AND 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 Copyin order to paste its contents into aspreadsheet. PrintDone

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Description: 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 concer

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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?

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
Depreciation	$-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.
Balance Sheet as of December 31, 2013 and 2014
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
Goodwill	$348,885	$347,432	Common stock	$1,457,684	$1,454,337
Intangible assets	$1,157,467	$956,707	Retained earnings	$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

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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