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.)

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,301 $ 13,567,751 Cost of goods sold $ -8,448,074 $ -8,132,751 Selling, general, and administrative expenses $ -998,501 $ -981,967 Depreciation $ -1,498,671 $ -1,472,336 |EBIT 3,202,055 $ 2,980,697 Interest expense $ -375,432 $ -354,548 Taxes $ -1,074,117 $ -997,937 Net income $ 1,752,506 $ 1,628,212 Right click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents into a spreadsheet. $ Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 AOCETO 2014 2012 IA DILITICO 12 $ $ $ Tyler Toys, inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 191,784 $ 187,302 Accounts payable $ 1,545,622 $ 1,455,361 Investments 181,930 $ 120,417 Short-term debt $ 312,676 $ 333,901 Accounts receivable 668,109 $ 630,247 Total current liabilities $ 1,858,298 $ 1,789,262 Inventory $ 587,823 $ 564,368 Long-term liabilities Total current assets $ 1,629,646 $ 1,502,334 Debt $ 7,286,450 $ 6,604,958 Long-term assets Other liabilities 1,463,056 $ 1,346,428 Investments 3,054,240 $ 2,828,239 Total liabilities $ 10,607,804 $ 9,740,648 Plant, property, and equipment $ 8,496,434 $ 8,481,481 OWNERS' EQUITY Goodwill 347,923 $ 347,707 Common stock 1,457,572 $ 1,454,133 Intangible assets 1,158,029 $ 957,363 Retained earnings $ 2,620,896 $ 2,922,343 Total owners' equity 4,078,468 $ 4,376,476 TOTAL LIABILITIES TOTAL ASSETS 14,686,272 $ 14,117,124 AND OWNERS' EQUITY $ 14,686,272 $ 14,117,124 Right-click on the table and select Copy to clipboard and then right-click the highlighted texts in the popup dialogue box and select Copy der to paste its contents into a spreadsheet. TA $ $