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

question 53

Essay

Use the information that follows taken from Tyler Company's financial statements for the years ending December 31, 2010 and 2009 to answer problems 13 through 19.

-If the industry in which Tyler is a member has an average return on assets of 11%, determine if in 2010, Tyler is more or less profitable than the average firm in its industry. Assume Tyler has no interest expense.

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Definitions:

Quarterly Cash Payments

Regular financial distributions made by a company to its shareholders every three months.

Shareholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the company's assets and earnings.

Regular Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits on a fixed schedule.

Hedge Funds

Investment funds that employ various strategies to earn active returns for their investors, including leveraging, derivatives, and short selling.