Use the Information That Follows Taken from Tyler Company's Financial

question 61

Essay

Use the information that follows taken from Tyler Company's financial statements for the years ending December 31, 2017 and 2016.
$\begin{array}{lc}\text { Balance Sheet Information }&2017&2016\\\text { Assets }\\ \text { Cash } & \$ 90&\$50 \\ \text { Accounts receivable } & 60&80 \\ \text { Inventory } & 40&80 \\\text { Land, building, and equipment } & \underline{230} & \underline{270}\\\text { Total Assets } & \underline{ \$ 420}& \underline{\$480} \\\end{array}$

$\begin{array}{lrr}\text { Liabilities and Shareholders' Equity }\\\text { Accounts payable } & \$ 5 & \$ 85 \\\text { Common stock } & 260 & 260 \\\text { Retained earnings } & \underline{155} & \underline{135 }\\\text { Total Liabilities \& Shareholders' Equity } & \$ \underline{420} & \$ \underline{480} \\\end{array}$

$\begin{array}{lrr}\text { Income Statement Information }\\ \text { Sale revenue } &\$850\\ \text { Cost of goods sold } & \underline{600}\\ \text {Gross profit } &\$250\\ \text { Operating expenses} & \underline{230}\\ \text {Net income } & \underline{\$20}\\\end{array}$



If the industry in which Tyler is a member has an average return on assets of 11%, determine if in 2017, Tyler is more or less profitable than the average firm in its industry. Assume Tyler has no interest expense.

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Definitions:

Neurotransmitters

Chemicals in the nervous system that transmit signals from one neuron to another, playing key roles in mood regulation, thought processes, and physical functions.

Synaptic Vesicles

Membrane-bound sacs within a neuron that store neurotransmitters, which are released into the synaptic cleft during synaptic transmission.

Synaptic Space

The small gap between the axon terminal of one neuron and the dendrite of another neuron, through which neurotransmitters are released to transmit signals.

Synaptic Cleft

The synaptic cleft is the small gap at the junction between neurons, through which neurotransmitters carry signals from one neuron to another.