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window: Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup or the change in a ratio warrant concern for
window: Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? What is the profit margin for 2014? Data table % (Round to two decimal places.) Calculate the profit margin, return on assets, and return on equity for 2013 and 2014 for Tyler Toys. Should any of these ratios X Tyler Toys, Inc. Income Statement for Years Ending December 31, 2013 and 2014 2014 14,146,417 $ -8,448,372 $ -997,802 $ -1,497,377 $ 3,202,866 $ -375,228 $ -1,074,502 $ 1,753,136 $ Revenue Cost of goods sold Selling, general, and administrative expenses Depreciation EBIT Interest expense Taxes Net income GA SA GA GA $ GA 2013 13,566,278 -8,131,939 -980,749 -1,471,852 2,981,738 -354,719 -998,267 1,628,752 Tyler Toys, Inc. Balance Sheet as of December 31, 2013 and 2014 ASSETS 2014 2013 LIABILITIES Current assets Current liabilities Cash 190,229 $ 187,640 Accounts payable Investments 181,871 $ 121,025 Short-term debt Accounts receivable 668,865 $ 630,904 Total current liabilities Inventory 587,808 $ 564,058 Long-term liabilities Total current assets 1,628,773 $ 1,503,627 Debt Long-term assets Other liabilities Investments 3,054,115 $ 2,827,547 Total liabilities 8,480,199 OWNERS' EQUITY Plant, property, and equipment $ 8,497,614 $ Goodwill 347,687 $ $ 346,635 Common stock Intangible assets 1,157,469 $ 957,211 Retained earnings Total owners' equity TOTAL LIABILITIES TOTAL ASSETS $ 14,685,658 $ 14,115,219 AND OWNERS' EQUITY GA SA SA SA $ $ $ $ GA 2014 1,545,408 $ 312,770 $ 1,858,178 $ 7,286,997 $ 1,462,669 $ 10,607,844 $ 1,458,190 $ 2,619,624 $ 4,077,814 $ 14,685,658 $ 2013 1,455,299 333,039 1,788,338 6,604,369 1,345,691 9,738,398 1,454,212 2,922,609 4,376,821 14,115,219
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