Please do not reject..question is complete. Please answer all parts. Round to four decimal places. Total assets and liabilities $14,683,433 , $14,113,563 for 2014 and 2013 . Thx 14-10 (Sinillal to)Financial ratios: Financial leverage. The financial statements for Tyler Toys, Inc. are shown in the popup window Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for TylerToys. Should any of these ratios or the change in a ratio warrant concerm for the managers of Tyler Toys or the shareholders?- XX6 Data TableTyler Toys, Inc.Income Statement for Years Ending December 31, 2013 and 201420142013$ 14,147,578 S 13,566,351-8,448, 153 S-8,132,314RevenueCost of goods soldSeling, general, andadministrative expensesIs998,212 s980,438Depreciation-1,498,589 S-1,471,899EBITIs3,202,624 S2,981,700Interest expenseTaxes-375,624 S-354,647-1,074.260 S998,2801,628,773Net incomeRght-click on the table and select Copy to Clipboard and then night-click thehighlighted texts in the popup dialogue box and select Copy in order to paste its1,752,740 Scontents into a spreadsheet.P Type here to searchahp77rt sedeteteese%23&*3backse ace8PtabQlockDGJKpauseBMomefnaltaltaltctriUSE YOUR SMARTPHONE FORhare.Reviews Videos FeatureSpecs- Support2.Microsoft 365rosoft 365 makeslife more creative,mized and secureriptione One yearSCAStandard data ta ASSETS20142013LIABILITIES20142013Current assetsCurrent liabilitiesCash191,690 $186,065 Accounts payable1.546.691 S1,456,357Investments181,480 S120,099 Short-term debt311,420 S333,289Accounts receivable667,467 $631,184 Total current liabilities1,858,111 S1,789,646Inventory587,454 S564,494 Long-term liabilitiesTotal current assets1,628,091 S1.501.842 Debt7.285,507 S6,604,825Long-term assetsOther liabilities1,463,160 S1,345,088Investments3,053.263 s2.827.237 Total liabilities10,606,778 S9,739,559Plant, property, and equipment SGoodwill8,496,389 S8.481.007 OWNERS' EQUITY347 261 S347,189 Common stock1,457,383 $1,453,463Intangible assets1,158,429 s956 288 Retained earnings%242,619,272 S2,920,541Total owners' equity4,076,655 S4.374.004PrintDoneP Type here to search%23hp77esc3.$4&8.ERAGH.Kaltの(0

Debt ratio shows a company’s ability to pay off its liabilities with its assets. Times interest earned ratio is calculated to determine whether the earnings are enough to cover interest expense. The cash coverage ratio is useful for determining the amount of cash available to pay for a borrower's interest expense, and is expressed as a ratio of the cash available to the amount of interest to be paid 2013 2014 1- Debt ratio = total of liabilities/total of assets 0.6901 0.7224 total of liabilities 9,739,559 10,606,778 Total of assets $14,113,563 $14,683,433 Debt ratio has increased in comparison of previous year which is a concern for shareholders 2- Interest coverage ratio = operating profit/interest expense 8.4075 8.5261 EBIT 2,981,700 3,202,624 Interest 354,647 375,624 Interest coverage ratio or times interest earned ratio has increased from the previous year so this is not a concern for the stockholders or debt holders. 3- cash coverage ratio = (Earnings Before Interest and Taxes (EBIT) + Depreciation Expense) ÷ Interest Expense 12.5578 12.5157 EBIT + Depreciation expense [ 2,981,700 + 1,471,899 ] 4,453,599 [ 3,202,624 +1,498,589 ] 4,701,213 Interest Expense 354,647 375,624 this ratio has decreased means less cash available for payment of interest expense, it may be a cause of concern to debt holders. However, the ratio is not that much decreased.

Business

Accounting

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 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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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