Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tnancial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window Calolate the profit margin return on assets, and rumon
Tnancial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window Calolate the profit margin return on assets, and rumon equity for 2013 and 2014 for Tee 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 $ 14,147,779 $ 13,566,865 -8,447,598 $ -8,132,061 Cost of goods sold Selling, general, and administrative expenses Depreciation $ $ -997,862 $ -981,270 $ -1,497,965 $ -1,472,305 EBIT $ Interest expense 3,204,354 $ -375,966 $ -1,074,787$ $ $ 2,981,229 -354,282 -998,240 Taxes Net income Dich slim - - - $ 1,753,601 $ 1,628,707 ASSETS 2014 2013 Current assets Cash Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 2014 2013 LIABILITIES Current liabilities 191,640 $ 187,477 Accounts payable 181,705 S 120,120 Short-term debt 667,076 $ 630.962 Total current liabilities 588,883 $ 564,011 Long-term liabilities 1,629,304 $ 1,502,570 Debt Other liabilities $ 1,545, 111 $ $ 311.868 $ Investments Accounts receivable Inventory 1,455,439 332,191 1,787,630 $ $ 1,856,979 $ $ Total current assets $ 7.285,670 $ 1,462,5421$ $ 6,604,854 1,345,033 9,737,517 $ Long-term assets Investments Plant, property, and equipment Goodwill Intangible assets 10,605,191 $ $ 3,054,107 $ 8,496,255 $ 347,361 $ $ $ 1.158,831 $ 2,828,891 Total liabilities 8,480,498 OWNERS' EQUITY 347.888 Common stock 956,297 Retained earnings Total owners' equity TOTAL LIABILITIES 14,116,144 AND OWNERS' EQUITY 1,457,717 $ 2,622,950 $ $ 1,454,580 2,924,047 4,378,627 $ 4,080,667 $ TOTAL ASSETS S 14,685,858$ S 14,685,858$ 14,116,144
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started