Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window E Cakculate 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 concem for the managers of Tyler Toys or the shareholders? %3D Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ 14.147.578 s 13.566 351 8,448, 153 S Revenue 8,132.314 Cost of goods sold Seling general, and administrative expenses 9982125 980.438 Depreciation -1.498,589 S -1,471.899 EBIT 3.202.624 S 375.624S 2.981.700 nterest expense -354647 Taxes 1.074260 S 998 280 Net income 1,752.740S 1,628,773

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please do not reject..question is complete. Please answer all parts. Round to four decimal places. Total assets and liabilities $14,683,433 , $14,113,563 for 2014 and 2013 . Thx
14-10 (Sinillal to)
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 concerm for the managers of Tyler Toys or the shareholders?
- X
X
6 Data Table
Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
2014
2013
$ 14,147,578 S 13,566,351
-8,448, 153 S
-8,132,314
Revenue
Cost of goods sold
Seling, general, and
administrative expenses
Is
998,212 s
980,438
Depreciation
-1,498,589 S
-1,471,899
EBIT
Is
3,202,624 S
2,981,700
Interest expense
Taxes
-375,624 S
-354,647
-1,074.260 S
998,280
1,628,773
Net income
Rght-click on the table and select Copy to Clipboard and then night-click the
highlighted texts in the popup dialogue box and select Copy in order to paste its
1,752,740 S
contents into a spreadsheet.
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Transcribed Image Text:14-10 (Sinillal to) 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 concerm for the managers of Tyler Toys or the shareholders? - X X 6 Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ 14,147,578 S 13,566,351 -8,448, 153 S -8,132,314 Revenue Cost of goods sold Seling, general, and administrative expenses Is 998,212 s 980,438 Depreciation -1,498,589 S -1,471,899 EBIT Is 3,202,624 S 2,981,700 Interest expense Taxes -375,624 S -354,647 -1,074.260 S 998,280 1,628,773 Net income Rght-click on the table and select Copy to Clipboard and then night-click the highlighted texts in the popup dialogue box and select Copy in order to paste its 1,752,740 S contents into a spreadsheet. P Type here to search a hp 77 rt se detete ese %23 & *3 backse ace 8 P tab Q lock D G J K pause B M ome fn alt alt alt ctri USE YOUR SMARTPHONE FOR hare. Reviews Videos Feature Specs- Support 2. Microsoft 365 rosoft 365 makes life more creative, mized and secure riptione One year SCA Standard data ta
ASSETS
2014
2013
LIABILITIES
2014
2013
Current assets
Current liabilities
Cash
191,690 $
186,065 Accounts payable
1.546.691 S
1,456,357
Investments
181,480 S
120,099 Short-term debt
311,420 S
333,289
Accounts receivable
667,467 $
631,184 Total current liabilities
1,858,111 S
1,789,646
Inventory
587,454 S
564,494 Long-term liabilities
Total current assets
1,628,091 S
1.501.842 Debt
7.285,507 S
6,604,825
Long-term assets
Other liabilities
1,463,160 S
1,345,088
Investments
3,053.263 s
2.827.237 Total liabilities
10,606,778 S
9,739,559
Plant, property, and equipment S
Goodwill
8,496,389 S
8.481.007 OWNERS' EQUITY
347 261 S
347,189 Common stock
1,457,383 $
1,453,463
Intangible assets
1,158,429 s
956 288 Retained earnings
%24
2,619,272 S
2,920,541
Total owners' equity
4,076,655 S
4.374.004
Print
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Transcribed Image Text:ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 191,690 $ 186,065 Accounts payable 1.546.691 S 1,456,357 Investments 181,480 S 120,099 Short-term debt 311,420 S 333,289 Accounts receivable 667,467 $ 631,184 Total current liabilities 1,858,111 S 1,789,646 Inventory 587,454 S 564,494 Long-term liabilities Total current assets 1,628,091 S 1.501.842 Debt 7.285,507 S 6,604,825 Long-term assets Other liabilities 1,463,160 S 1,345,088 Investments 3,053.263 s 2.827.237 Total liabilities 10,606,778 S 9,739,559 Plant, property, and equipment S Goodwill 8,496,389 S 8.481.007 OWNERS' EQUITY 347 261 S 347,189 Common stock 1,457,383 $ 1,453,463 Intangible assets 1,158,429 s 956 288 Retained earnings %24 2,619,272 S 2,920,541 Total owners' equity 4,076,655 S 4.374.004 Print Done P Type here to search %23 hp 77 esc 3. $ 4 & 8. E R A G H. K alt の (0
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