Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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? What is the profit margin for 2014? % (Round to two decimal places.) 2014 A Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2013 Revenue $ 14,147,394 $ 13,567,027 Cost of goods sold $ -8,447,188 $ -8,131,847 Selling, general, and administrative expenses $ -998,632 $ -980,245 Depreciation -1,497,695 $ -1,472,678 EBIT $ 3,203,879 $ 2,982,257 Interest expense $ -376,000 $ -354,719 Taxes $ -1,074,594 $ -998,464 Net income $ 1,753,285 $ 1,629,074 A 2014 2013 ASSETS Current assets Cash 1,546,973 $ 311,992 $ 1,858,965 S 1,455,137 333,569 1,788,706 $ $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,377 $ 186,482 Accounts payable 181,881 $ 121,626 Short-term debt 668,207 $ 630,915 Total current liabilities 588,907 $ 563,105 Long-term liabilities 1,629,372 $ 1,502,128 Debt Other liabilities 3,054,602 $ 2,828,754 Total liabilities 8,496,843 $ 8,481,644 OWNERS' EQUITY 347,822 $ 346,290 Common stock 1,157,199 $ 957,040 Retained earnings Total owners' equity TOTAL LIABILITIES 14,685,838 $ 14,115,856 AND OWNERS' EQUITY Investments Accounts receivable Inventory Total current assets Long-term assets Investments Plant, property, and equipment Goodwill Intangible assets $ 7,286,475 $ 1,462,274 S 10,607,714 S 6,604,479 1,345,383 9,738,568 $ $ $ $ $ 1,458,333 $ 2,619,791 $ 4,078,124 $ 1,453,023 2,924,265 4,377,288 TOTAL ASSETS $ $ 14,685,838 $ 14,115,856