Financial ratios: Liquidity. 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? Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014
Financial ratios: Liquidity. 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? Data Table Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014
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
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Transcribed Image Text:Financial ratios: Liquidity. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. 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?
Data Table
Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and 2014
2014
2013
Revenue
$
14,147,022 $
13,566,022
Cost of goods sold
Selling, general, and
ladministrative expenses
$
-8,448,063 $
-8.131.270
-998,308 $
-981,429
Depreciation
-1.497.666 s
-1,471,762
EBIT
$
3,202,985 $
2,981,561
Interest expense
$
-376,465 $
-355,115
|Таxes
-1,074,078 $
-998.049
Net income
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
1,752,442 $
1,628,397
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
186,242 Accounts payable
Cash
191,161 $
1,546,263 $
1,455,396
121,614 Short-term debt
$
312,469 $
Investments
Accounts receivable
Inventory
181,755 $
333,331
668,129 $
630,300 Total current liabilities
$
1,858,732 $
1,788,727
$
588,626 $
564,551 Long-term liabilities
Total current assets
$
7,286,061 $
$
1,462,409 $
1,629,671 $
1,502,707 Debt
6,603,439
1,345,835
Long-term assets
Other liabilities
Investments
3,053,730 $
2,828,798 Total liabilities
$
10,607,202 $
9,738,001
Plant, property, and equipment $
8,496,835 $
8,480,050 OWNERS' EQUITY
Goodwill
347,308 $
347,684 Common stock
1,458,795 $
1,453,224
956,035 Retained earnings
Total owners' equity
Intangible assets
1,158,883 $
$
2,620,430 $
2,924,049
$
4,079,225 $
4,377,273
TOTAL LIABILITIES
TOTAL ASSETS
14,686,427| $
14,115,274 AND OWNERS' EQUITY
$ 14,686,427| $
14,115,274
%24
%24
%24
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