The financial statements for Tyler Toys, Inc. are shown in the popup window.
Calculate the inventory turnover, days' sales in inventory, receivables turnover, days' sales in receivables, and total asset turnover 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?
What is the inventory turnover ratio for 2014?
Inventory Turnover ratio in 2014 =COGS/Inventory
=8447473/587960=14.37
Inventory Turnover ratio in 2013 =COGS/Inventory =8131196/564247
=14.41
Days Sales in Inventory in 2014=365/Inventory Turnover ratio in
2014 =365/(8447473/587960)=25.40
Days Sales in Inventory in 2013=365/Inventory Turnover ratio in
2013 =365/(8131196/564247)=25.33
Receivables Turnover in 2014 =(Sales/Account Receivables in 2014)
=(14147023/667215)=21.20
Receivables turnover in 2013 =(Sales/Account Receivables in 2013)
=(13566442/630069) =21.53
Days Sales in receivables in 2014=365/Receivables Turnover in 2014
=365/(14147023/667215)=17.21
Days Sales in receivables in 2013=365/Receivables Turnover in 2013
=365/(13566442/630069)=16.95
Total Assets turnover in 2014 =Sales/Total Assets
=14147023/14686014 =0.96
Total Assets turnover in 2013 =Sales/Total Assets
=13566442/14117529 =0.96
The inventory turnover is decreasing and days receivable turnover
is decreasing which is decreasing cash conversion cycle of the
firm. It is increasing.
The financial statements for Tyler Toys, Inc. are shown in the popup window. Calculate the inventory...
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