Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 2013 Revenue $ 14,146,386 $ 13,566,246 $ Cost of goods sold -8,448,215 $ -8,132,455 Selling, general, and administrative expenses -997,223 $ -980,941 Depreciation -1,498,172 $ -1,472,991 EBIT $ 3,202,776 $ 2,979,859 Interest expense $ -376,925 $ -355,888 Taxes $ -1,073,823 $ -997,109 Net income $ 1,752,028 $ 1,626,862 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 ASSETS 2014 2013 LIABILITIES 2014 2013 Current assets Current liabilities Cash $ 190,353 $ 187,692 Accounts payable $ 1,546,984 $ 1,455,027 Investments 180,564 $ 120,694 Short-term debt $ 312,313/$ 332,992 Accounts receivable $ 631,037 Total current liabilities $ 1,859,297 $ 1,788,019 667,897 $ 587,549 $ Inventory $ 564,788 Long-term liabilities 1,504,211 Debt Total current assets $ 1,626,363 $ 7,285,953 $ 6,604,823 1,346,194 Long-term assets Other liabilities $ 1,462,895 $ Investments $ 3,054,294 $ 2,827,980 Total liabilities $ 10,608,145 $ 9,739,036 Plant, property, and equipment $ 8,497,501 $ 8,481,048|OWNERS' EQUITY Goodwill $ $ 348,953/ $ 346,595 Common stock $ 1,458,908 $ 1,454,918 Intangible assets $ 1,157,855 $ 957,826 Retained earnings $ 2,617,913 $ 2,923,706 Total owners' equity $ 4,076,821 $ 4,378,624 TOTAL LIABILITIES TOTAL ASSETS $ 14,684,966 $ 14,117,660 AND OWNERS' EQUITY 14,684,966 $ 14,117,660 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 Calculate the profit margin, return on assets, and return on equity for 2013 and 2014 for Tyler Toys. Should any of these ratios Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: 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.)
