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Check my werk 4 27 Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense To before Income Tax Expono Inced Tax Expense not incomo 2016 $110,000 60,000 49,000 37.809 680 10,520 2.500 $8,020 2015 $147,000 Y8.200 68,300 40,600 565 27 135 0.000 20,335 Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2015 to 2016 is the beginning of a sustained trend, is Computer Tycoonlikely to earn more or less gross profit from each dollar of sales in 2017 2. Compute the net profit margin for ench year Given your calculations here and in requirement 1, explain whether Computer Tycoon did a better or worse job of controlling operating expenses in 2016 relative to 2015 3. Computer Tycoon reported average net fixed assets of $56,000 in 2016 and $46,900 in 2015. Compute the fixed asset tumover ratios for both years. Did the company better utilize its investment in fixed assets to generate revenues in 2016 20157 4. Computer Tycoon reported average stockholders' equity of $55.800 in 2016 and 542.600 in 2015. The company has not issued preferred stock Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2016 than in 20157 Mc Gran Check my werk 4 27 Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense To before Income Tax Expono Inced Tax Expense not incomo 2016 $110,000 60,000 49,000 37.809 680 10,520 2.500 $8,020 2015 $147,000 Y8.200 68,300 40,600 565 27 135 0.000 20,335 Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2015 to 2016 is the beginning of a sustained trend, is Computer Tycoonlikely to earn more or less gross profit from each dollar of sales in 2017 2. Compute the net profit margin for ench year Given your calculations here and in requirement 1, explain whether Computer Tycoon did a better or worse job of controlling operating expenses in 2016 relative to 2015 3. Computer Tycoon reported average net fixed assets of $56,000 in 2016 and $46,900 in 2015. Compute the fixed asset tumover ratios for both years. Did the company better utilize its investment in fixed assets to generate revenues in 2016 20157 4. Computer Tycoon reported average stockholders' equity of $55.800 in 2016 and 542.600 in 2015. The company has not issued preferred stock Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2016 than in 20157 Mc Gran