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?

Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,136 $ 13,567,399 Cost of goods sold $ -8,448,874 $ -8,131,506 Selling, general, and administrative expenses $ -997,766 $ -980,253 Depreciation $ -1,498,328 $ -1,472,847 EBIT $ 3,202,168 $ 2,982,793 Interest expense $ 376,681 $ 355,371 Taxes $ -1,073,685 $ -998,420 Net income $ 1,751,802 $ 1,629,002 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 Cash Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities 190,118 $ 186,717 Accounts payable 1,546,954 $ 1,455,223 Investments 180,817 $ 120,328 Short-term debt 311,068 $ 333,015 Accounts receivable 667,368 $ 631,318 Total current liabilities 1,858,022 $ 1,788,238 Inventory 587,501 $ 563,230 Long-term liabilities Total current assets 1,625,804 $ 1,501,593 Debt 7,286,543 $ 6,604,430 Long-term assets Other liabilities 1,462,469 $ 1,345,649 Investments 3,054,829 $ 2,827,962 Total liabilities $ 10,607,034 $ 9,738,317 Plant, property, and equipment $ 8,496,055 $ 8,481,563 OWNERS' EQUITY Goodwill 348,249 $ 346,368 Common stock 1.458,394 $ 1,453,068 Intangible assets $ 1,157,003 $ 957,463 Retained earnings 2,616,512 $ 2,923,564 Total owners' equity $ 4,074,906 $ 4,376,632 TOTAL LIABILITIES TOTAL ASSETS $ 14,681,940 $ 14,114,949 AND OWNERS' EQUITY $ 14,681,940 $ 14,114,949 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