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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 those 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? 1% (Round to two decimal places.) Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 $ $ Revenue $ 14,146,415$ 13,566,962 Cost of goods sold -8,447,004 $ -8,131,416 Selling, general, and administrative expenses -998,465 $ -980,806 Depreciation $ -1,497,969 $ -1,471,728 EBIT $ 3,202,977 $ 2,983,012 Interest expense -376,388 $ -354,560 Taxes $ -1,074,104 $ -998,812 Net income $ 1,752,485 $ 1,629,640 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. $ - Data table Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 190,347 $ 187,150 Accounts payable $ 1,545,493 $ 1,456,621 Investments 180,985 $ 120,336 Short-term debt $ 311,766 $ 333,858 Total current Accounts receivable 668,060 $ 630,621 liabilities $ 1,857,259 $ 1,790,479 Inventory 587,333 $ 564,503 Long-term liabilities Total current assets $ 1,626,725 $ 1,502,610 Debt $7,285,073 $ 6,603,242 Long-term assets Other liabilities $ 1,463,601 $ 1,345,674 Investments $ 3,054,716 $ 2,827,308 Total liabilities $ 10,605,933 $ 9,739,395 Plant, property, and equipment $ 8,496,071 $ 8,481,845 OWNERS' EQUITY Goodwill 347,838 $ 347,469 Common stock $ 1,458,161 $ 1,454,473 Intangible assets $ 1,157,742 $ 956,928 Retained earnings $ 2,618,998 $ 2,922,292 Total owners' equity $ 4,077,159 $ 4,376,765 $ $ Data table Investments $ 180,985 $ 120,336 Short-term debt $ 311,766 $ 333,858 Total current Accounts receivable $ 668,060 $ 630,621 liabilities $ 1,857,259 $ 1,790,479 Inventory $ 587,333 $ 564,503 Long-term liabilities Total current assets $ 1,626,725 $ 1,502,610 Debt $ 7,285,073 $ 6,603,242 Long-term assets Other liabilities $ 1,463,601 $ 1,345,674 Investments $ 3,054,716 $ 2,827,308 Total liabilities $ 10,605,933 $ 9,739,395 Plant, property, and equipment $ 8,496,071 $ 8,481,845 OWNERS' EQUITY Goodwill $ 347,838 $ 347,469 Common stock $ 1,458,161 $ 1,454,473 Intangible assets $ 1,157,742 $ 1956,928 Retained earnings $ 2,618,998 $ 2,922,292 Total owners' equity $ 4,077,159 $ 4,376,765 TOTAL LIABILITIES AND OWNERS TOTAL ASSETS $ 14,683,092 $ 14,116,160 EQUITY $ 14,683,092 $ 14,116,160 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