Chapter 16, Problem 3EA

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, andadministrative 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…

The following information is available for Tanaka Corporation. Compute earnings per share for 2018 and 2017 for Tanaka, and comment on the change. Tanaka's primary competitor, Browning Corporation, had earnings per share of $1 per share in 2018. Comment on the difference in the ratios of the two companies.   (b) Compute the current ratio and debt to assets ratio for each year, and comment on the changes.   (c) Compute free cash flow for each year, and comment on the changes.       2018 2017 Current assets $  54,000 $  36,000 Total assets 240,000 205,000 Current liabilities 22,000 30,000 Total liabilities 72,000 100,000 Net income 90,000 50,000 Net cash provided by operating activities 100,000 56,000 Preferred dividends 6,000 6,000 Common dividends 3,000 1,500 Expenditures on property, plant, and equipment 27,000 12,000 Shares outstanding at beginning of year 40,000 30,000 Shares outstanding…

The financial statements for Tyler​ Toys, Inc. are shown in the popup​ window:   LOADING... . Calculate the profit​ margin, return on​ assets, and return on equity 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 $14,146,094 $13,567,551 Cost of goods sold $-8,448,688 $-8,131,338 Selling, general, and administrative expenses $-998,878 $-980,620 Depreciation $-1,497,580 $-1,472,740 EBIT $3,200,948 $2,982,853 Interest expense $-376,634 $-354,060 Taxes $-1,073,239 $-998,941 Net income $1,751,075 $1,629,852 ​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…