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. 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 20142013Revenue$14,147,690$13,566,481Cost of goods sold$-8,447,054$-8,131,319Selling, general, and administrative expenses$-998,405$-981,658Depreciation$-1,498,619$-1,472,478EBIT$3,203,612$2,981,026Interest expense$-376,184$-355,975Taxes$-1,074,423$-997,519Net income$1,753,005$1,627,532Right-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 aspreadsheet. Tyler Toys, Inc.Balance Sheet as of December 31, 2013 and 2014ASSETS20142013LIABILITIES20142013Current assets Current liabilities Cash$191,539$187,224Accounts payable$1,546,216$1,456,905Investments$180,106$120,977Short-term debt$312,097$333,470Accounts receivable$668,611$631,686Total current liabilities$1,858,313$1,790,375Inventory$587,049$563,887Long-term liabilities Total current assets$1,627,305$1,503,774Debt$7,285,516$6,604,332Long-term assets Other liabilities$1,462,537$1,346,664Investments$3,053,996$2,827,149Total liabilities$10,606,366$9,741,371Plant, property, and equipment$8,496,014$8,480,766OWNERS’ EQUITY Goodwill$348,824$347,653Common stock$1,458,661$1,453,239Intangible assets$1,158,084$957,762Retained earnings$2,619,196$2,922,494 Total owners’ equity$4,077,857$4,375,733 TOTAL LIABILITIES TOTAL ASSETS$14,684,223$14,117,104AND OWNERS’ EQUITY$14,684,223$14,117,104 Right-click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup dialogue box and select Copyin order to paste its contents into aspreadsheet. PrintDone

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Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

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

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

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	$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