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?

8. What is the profit margin for 2014 and 2013? (Round to two decimal places) What is the return on assets for 2014 and 2013? What is the return on equity for 2014 and 2013?

$ $ Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue 14,147,961 $ 13,566,962| Cost of goods sold -8,447,696 $ -8,131,4711 Selling, general, and administrative expenses -997,922 $ -981,524 Depreciation $ -1,497,582 $ -1,471,987 |EBIT $ 3,204,761 $ 2,981,980 Interest expense $ -375,440 $ -354,680 Taxes -1,075,142 $ -998,374 Net income $ 1,754,179 $ 1,628,926 CA ASSETS 2014 2013 GA A 1,545,077 $ 311,315 s $ $ $ 1,455,758 332,123 1,787,881 1,856,392 $ Current assets Cash Investments Accounts receivable Inventory $ Total current assets $ Long-term assets Investments Plant, property, and equipments Goodwill Intangible assets $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 190,074 $ 186,996|Accounts payable 181,696s 120,164 Short-term debt 667,834 $ 631,719 Total current liabilities 587,210 $ 563,298 Long-term liabilities 1,626,814 $ 1,502,177 Debt Other liabilities 3,054,777 $ 2,828,840 Total liabilities 8,497,251 $ 8,480,589 OWNERS' EQUITY 348,177 $ 347,024 Common stock 1,157,086 $ 957,949 Retained earnings Total owners' equity TOTAL LIABILITIES 14,684,105 $ 14,116,579 AND OWNERS' EQUITY A 7,285,238$ $ 1,462,785 $ $ 10,604,415 $ 6,604,284 1,346,315 9,738,480 GA $ $ GA 1,457,805 $ 2,621,885 $ 4,079,690 $ 1,454,485 2,923,614 4,378,099 $ TOTAL ASSETS S $ 14,684,105 $ 14,116,579