Consider the following excerpt of Tiger Tail Corporation's balance sheet and income statement. (Click the icon view the income statement.) (Click the icon to view the balance sheet.) Requirement Use the excerpt of Tiger Tail Corporation's balance sheet and its income statement to compute Tiger Tail's profit margin and return on assets for 2018 and 2019. Comment on Tiger Tail's profitability and changes in profitability from 2018 to 2019. Tiger Tail's total assets at the end of 2017 were $165,000 million. Begin by determining Tiger Tail's profit margin for 2018 and 2019. First, select the formula and then fill in the amounts. (Enter amounts in millions as provided to you in the problem statement. Round your answers to the nearest tenth of a percent, X.X%.) Net income Profit margin Sales revenue 69,000 2019 $ 5,935 8.6 % 2018 $ 4,745 1 $ 68,000 7.0 Now determine Tiger Tail's return on assets for 2018 and 2019 by selecting the formula and then completing the table. (Enter amounts in millions as provided to you in the problem statement. Round intermediate calculations to the nearest whole dollar. Round your final answers to the nearest tenth of a percent, X.X%.) Return on assets 2019 % 2018 % Choose from any list or enter any number in the input fields and then click Check Answer. X i Income statement 2019 2018 $ 69,000 $ 68,000 38,000 37,700 31,000 30,300 (in millions) Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Taxes Income Tax Expense 14,000 7,200 165 14,300 7,500 155 9,635 3,700 8,345 3,600 $ 5,935 $ 4,745 Net Income A Balance sheet X 2019 2018 $ Assets (dollars in millions) Current Assets Cash and Cash Equivalents Marketable Securities Accounts Receivable Trade, net Inventories Prepaid Expenses and Other Receivables Total Current Assets Property, Plant, and Equipment, net Other Assets 20,000 $ 26,000 8,400 2,600 24,000 21,500 49,000 48,000 2,000 1,900 103,400 69,000 4,500 100,000 66,000 4,100 $ 176,900 $ 170,100 Total Assets