a.) What is the profit margin for 2014 and 2013?

b.) What is the return on assets for 2014 and 2013?

c.) What is the return on equity for 2014 and 2013?

Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: E. 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 $ 13,567,130 14,146,666 $ -8,447,634 $ -8,132,148 Cost of goods sold Selling, general, and administrative expenses Depreciation -997,531 $ -980, 117 $ -1,498,287 $ -1,471,144 EBIT $ 3,203,214 $ 2,983,721 Interest expense $ -354,979 -375,866 $ -1,074,392 $ Taxes $ -998,922 Net income $ 1,752,956 $ 1,629,820 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 191,900 $ 186,394 Accounts payable $ 1,545,196 $ 1,455,566 Investments $ 120,210 Short-term debt $ 311,513 $ 332,379 Accounts receivable $ 180,037 $ 667,392 $ 588,732 $ $ 1,856,709 $ 1,787,945 630,085 Total current liabilities 564,542 Long-term liabilities Inventory $ Total current assets $ 1,628,061 $ 1,501,231 Debt $ 7,286,292 $ 1,462,682 $ Long-term assets Other liabilities $ 6,604,925 1,346,617 9,739,487 Investments $ 3,053,528 $ 2,828,021 Total liabilities $ 10,605,683 $ Plant, property, and equipment $ 8,497,524 $ 8,481,740 OWNERS' EQUITY Goodwill $ 348,605 $ 346,325 Common stock $ 1,457,241 $ 1,453,021 Intangible assets $ 1,157,466 $ 956,428 Retained earnings $ 2,622,260 $ 2,921,237 Total owners' equity $ 4,079,501 $ 4,374,258 TOTAL LIABILITIES TOTAL ASSETS $ 14,685,184 $ 14,113,745 AND OWNERS' EQUITY $ 14,685,184 $ 14, 113,745