Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the profit margin for 2014? the profit margin for2013? the return on assets for 2014? the return on assets for 2013? the return on equity

the profit margin for 2014?
the profit margin for2013?
the return on assets for 2014?
the return on assets for 2013?
the return on equity for 2014?
the return on equity for 2013?
please write the whole number
* all in percent* image text in transcribed
image text in transcribed
image text in transcribed
Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup Window: D. 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? GA Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,147,533 $ 13,566,543 Cost of goods sold $ -8,447,890$ -8,132,444 Selling, general, and administrative expenses $ -997,598 $ -981,375 Depreciation -1,498,585 $ -1,471,6651 |EBIT $ 3,203,460 $ 2,981,0591 Interest expense $ -376,566 -354,710 Taxes $ -1,074,220 $ -998,013 Net income $ 1,752,674 $ 1,628,336 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 $ $ $ A Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash 191.105 186,087 Accounts payable 1.546.705 1.456.984 Investments 180,0435 120,357 short-term debt 311,262 333.428 Accounts receivable 667.665 $ 631,023 Total current liabilities 1,858,057 1,790,412 Inventory 587.2015 564,037 Long-term liabilities Total current assets $1,626,104 $1,502,404 Debt 7.285,872 0.604.578 Long-term assets Other liabilities $ 1,483,420 1,346,028 Investments 3,054.1045 2,827,680 Total liabilities 10,607,3583 3,741,018 Plant, property, and equipments 8,407,7308,481,057 OWNERS' EQUITY Goodwill 347,4775 347.050 Common stock 1.457.4553 1,454,000 Intangible assets 1.158.0525 056,882 Retained earnings 2.610,554 2.010.005 Total owners'equity 4,077,009 4,374,061 TOTAL LIABILITIES TOTAL ASSETS 14,684,367 14, 115,079 AND OWNERS' EQUITY 14,684,367 14,115,079 Right click on the table and select Copy to clipboard and then night-click the highlighted texts in the popup dialogue box and select Copy order to paste its contents into a spreadsheet S $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Reporting And Analysis, 2017 Update

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd Edition

1337505625, 9781337505628

More Books

Students also viewed these Accounting questions