Chapter 14, Question 4 Balance Sheet as of December 31, 2013 and 2014ASSETS20142013LIABILITIES20142013Current assetsCurrent liabilitiesCash190,940 $1,545,098 $186,181 Accounts payable120,353 Short-term debt2$1,455,220InvestmentsAccounts receivable312,684 $180,378 $$$333,076667,060 $$630,670 Total current liabilities$1,857,782 $1,788,296Inventory588,433 $564,397 Long-term liabilitiesTotal current assets1,626,811| $1,501,601 Debt7,286,901 $6,603,7531,345,529$Long-term assetsOther liabilities$1,462,274 $$3,054,519 $2,828,946 Total liabilities$10,606,957 $9,737,578InvestmentsPlant, property, and equipment $8,496,482 $$8,480,726 OWNERS' EQUITYGoodwill348,518 $346,957 Common stock2$1,458,225 $1,454,914956,208 Retained earningsTotal owners' equityTOTAL LIABILITIESIntangible assets1,158,343 $$2,619,491 $2,921,946$4,077,716 $4,376,860TOTAL ASSETS14,684,673 $ 14,114,438 AND OoWNERS' EQUITY$14,684,673 $ 14,114,438%24%24%24%24 Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: 9. Calculate the profit margin, return on assets, andreturn 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 theshareholders?Data TableTyler Toys, Inc.Income Statement for Years Ending December 31, 2013 and 201420142013Revenue14,147,727 $13,566,582Cost of goods sold$-8,447,254 $-8,131,493Selling, general, and administrative expenses$-997,182 $-980,236Depreciation$-1,498,535 $-1,472,750EBIT3,204,756 $2,982,103Interest expense$-376,595 $-354,394Таxes-1,074,701 $-998,5291,753,460 $Net incomeRight-click on the table and select Copy to Clipboard and then right-click thehighlighted texts in the popup dialogue box and select Copy in order to paste its$1,629,180contents into a spreadsheet.Tyler Toys, Inc.Balance Sheet as of December 31, 2013 and 2014

The financial ratio is a tool or analyzing the financial statement that helps to analyze the overall…

Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: . Calculate the profit margin, return on assets, ar 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? Data Table

Financial ratios: Profitability. The financial statements for Tyler Toys, Inc. are shown in the popup window: . Calculate the profit margin, return on assets, ar 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? Data Table

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

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.5MCP

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