The financial statements for Tyler Toys, Inc. are shown in the popup window: LOADING... . 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 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 $14,146,575 $13,566,748 Cost of goods sold $-8,448,000 $-8,132,335 Selling, general, and administrative expenses $-998,406 $-980,458 Depreciation $-1,497,529 $-1,471,013 EBIT $3,202,640 $2,982,942 Interest expense $-376,217 $-354,594 Taxes $-1,074,041 $-998,772 Net income $1,752,382 $1,629,576 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 $190,469 $186,535 Accounts payable $1,546,871 $1,456,620 Investments $180,626 $121,373 Short-term debt $312,735 $332,410 Accounts receivable $668,463 $631,259 Total current liabilities $1,859,606 $1,789,030 Inventory $588,189 $563,662 Long-term liabilities Total current assets $1,627,747 $1,502,829 Debt $7,285,688 $6,604,763 Long-term assets Other liabilities $1,463,897 $1,345,965 Investments $3,053,313 $2,827,288 Total liabilities $10,609,191 $9,739,758 Plant, property, and equipment $8,497,917 $8,481,383 OWNERS’ EQUITY Goodwill $347,589 $347,296 Common stock $1,457,288 $1,454,143 Intangible assets $1,158,762 $957,219 Retained earnings $2,618,849 $2,922,114 Total owners’ equity $4,076,137 $4,376,257 TOTAL LIABILITIES TOTAL ASSETS $14,685,328 $14,116,015 AND OWNERS’ EQUITY $14,685,328 $14,116,015 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.

The financial statements for Tyler Toys, Inc. are shown in the popup window: LOADING... . 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 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 $14,146,575 $13,566,748 Cost of goods sold $-8,448,000 $-8,132,335 Selling, general, and administrative expenses $-998,406 $-980,458 Depreciation $-1,497,529 $-1,471,013 EBIT $3,202,640 $2,982,942 Interest expense $-376,217 $-354,594 Taxes $-1,074,041 $-998,772 Net income $1,752,382 $1,629,576 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 $190,469 $186,535 Accounts payable $1,546,871 $1,456,620 Investments $180,626 $121,373 Short-term debt $312,735 $332,410 Accounts receivable $668,463 $631,259 Total current liabilities $1,859,606 $1,789,030 Inventory $588,189 $563,662 Long-term liabilities Total current assets $1,627,747 $1,502,829 Debt $7,285,688 $6,604,763 Long-term assets Other liabilities $1,463,897 $1,345,965 Investments $3,053,313 $2,827,288 Total liabilities $10,609,191 $9,739,758 Plant, property, and equipment $8,497,917 $8,481,383 OWNERS’ EQUITY Goodwill $347,589 $347,296 Common stock $1,457,288 $1,454,143 Intangible assets $1,158,762 $957,219 Retained earnings $2,618,849 $2,922,114 Total owners’ equity $4,076,137 $4,376,257 TOTAL LIABILITIES TOTAL ASSETS $14,685,328 $14,116,015 AND OWNERS’ EQUITY $14,685,328 $14,116,015 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.

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

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Question

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 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	$14,146,575	$13,566,748
Cost of goods sold	$-8,448,000	$-8,132,335
Selling, general, and administrative expenses	$-998,406	$-980,458
Depreciation	$-1,497,529	$-1,471,013
EBIT	$3,202,640	$2,982,942
Interest expense	$-376,217	$-354,594
Taxes	$-1,074,041	$-998,772
Net income	$1,752,382	$1,629,576

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	$190,469	$186,535	Accounts payable	$1,546,871	$1,456,620
Investments	$180,626	$121,373	Short-term debt	$312,735	$332,410
Accounts receivable	$668,463	$631,259	Total current liabilities	$1,859,606	$1,789,030
Inventory	$588,189	$563,662	Long-term liabilities
Total current assets	$1,627,747	$1,502,829	Debt	$7,285,688	$6,604,763
Long-term assets			Other liabilities	$1,463,897	$1,345,965
Investments	$3,053,313	$2,827,288	Total liabilities	$10,609,191	$9,739,758
Plant, property, and equipment	$8,497,917	$8,481,383	OWNERS’ EQUITY
Goodwill	$347,589	$347,296	Common stock	$1,457,288	$1,454,143
Intangible assets	$1,158,762	$957,219	Retained earnings	$2,618,849	$2,922,114
			Total owners’ equity	$4,076,137	$4,376,257
			TOTAL LIABILITIES
TOTAL ASSETS	$14,685,328	$14,116,015	AND OWNERS’ EQUITY	$14,685,328	$14,116,015