The financial statements for Tyler​ Toys, Inc. are shown in the popup​ window: LOADING... . Calculate the profit​ margin, return on​ assets, and return on equity for 2013 and 2014 for Tyler Toys....


The financial statements for Tyler​ Toys, Inc. are shown in the popup​ window:



LOADING...

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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?
































































Tyler Toys, Inc.



Income Statement for Years Ending December 31, 2013 and 2014




2014


2013


Revenue


$14,147,690


$13,566,481


Cost of goods sold


$-8,447,054


$-8,131,319


Selling, general, and administrative expenses


$-998,405


$-981,658


Depreciation


$-1,498,619


$-1,472,478


EBIT


$3,203,612


$2,981,026


Interest expense


$-376,184


$-355,975


Taxes


$-1,074,423


$-997,519



Net income


$1,753,005


$1,627,532




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Tyler Toys, Inc.



Balance Sheet as of December 31, 2013 and 2014



ASSETS


2014


2013



LIABILITIES


2014


2013



Current assets







Current liabilities






Cash


$191,539


$187,224


Accounts payable


$1,546,216


$1,456,905


Investments


$180,106


$120,977


Short-term debt


$312,097


$333,470


Accounts receivable


$668,611


$631,686



Total current liabilities


$1,858,313


$1,790,375


Inventory


$587,049


$563,887



Long-term liabilities







Total current assets


$1,627,305


$1,503,774


Debt


$7,285,516


$6,604,332



Long-term assets






Other liabilities


$1,462,537


$1,346,664


Investments


$3,053,996


$2,827,149



Total liabilities


$10,606,366


$9,741,371


Plant, property, and equipment


$8,496,014


$8,480,766



OWNERS’ EQUITY






Goodwill


$348,824


$347,653


Common stock


$1,458,661


$1,453,239


Intangible assets


$1,158,084


$957,762


Retained earnings


$2,619,196


$2,922,494









Total owners’ equity


$4,077,857


$4,375,733









TOTAL LIABILITIES







TOTAL ASSETS


$14,684,223


$14,117,104



AND OWNERS’ EQUITY


$14,684,223


$14,117,104




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Jun 01, 2022
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