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 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? What is the current ratio for 2014?  

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Answer #1

Total Current Assets for 2014 = $1629711

Total Current Liabilities for 2014 = $1857703

Current Ratio = Current Assets / Current Liabilities = 1629711/1857703 = 0.8773

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