X Income statement ou 2019 2018 $ 69,000 $ 68,000 38,000 37,700 (in millions) Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Taxes Income Tax Expense 31,000 14,000 7,200 30,300 14,300 7,500 155 165 9,635 3,700 8,345 3,600 $ 5,935 $ 4,745 Net Income t and income statement. the icon to view the balance sheet.) Balance sheet X ne Cor you 2019 2018 Assets (dollars in millions) Current Assets Cash and Cash Equivalents Marketable Securities Accounts Receivable Trade, net Inventories Prepaid Expenses and Other Receivables Total Current Assets Property, Plant, and Equipment, net Other Assets $ 20,000 $ 26,000 8,400 2,600 24,000 21,500 49,000 48,000 2,000 1,900 103,400 69,000 4,500 100,000 66,000 4,100 Total Assets $ 176,900 $ 170,100 E5-12 (similar to) A Question Help Consider the following excerpt of Tiger Tail Corporation's balance sheet and income statement. 3(Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Requirement Use the excerpt of Tiger Tail Corporation's balance sheet and its income statement to compute Tiger Tail's profit margin and return on assets for 2018 and 2019. Comment on Tiger Tail's profitability and changes in profitability from 2018 to 2019. Tiger Tail's total assets at the end of 2017 were $165,000 million. Begin by determining Tiger Tail's profit margin for 2018 and 2019. First, select the formula and then fill in the amounts. (Enter amounts in millions as provided to you in the problem statement. Round your answers to the nearest tenth of a percent, X.X%.) Profit margin 2019 / % 2018 / %