According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 4.8 percent between 2012 and 2013. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31. 2013. $110,000 $135,000 Sales Revenue Cost of Goods Sold 65,000 75,500 45,000 59,500 39,000 Gross Profit Selling, General, and Administrative Expenses 37,000 Interest Expense 600 525 Income before Income Tax Expense7,40019,975 6,000 ncome Tax Expense ,500 6, Net Income 5,900 $ 13,975 Required: 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) Gross Profit Percenta ge 2012 2013 1-b. Assuming that the change from 2012 to 2013 is the beginning of a sustained trend, is Computer Tycoon likely to earn more or less gross proft from each dollar of sales in 2014? O More Gross Profit O Less Gross Profit 2-a. Compute the net profit margin for each year. (Round your answers to 1 decimal place.) Net Profit 2-a. Compute the net profit margin for each year. (Round your answers to 1 decimal place) 2012 2013 Computer Tycoon do a better or worse job of controlling expenses in 2013 relative to 20127 O Better Job O Worse Job 3-a. Computer Tycoon reported average net fixed assets of $55,200 in 2013 and $48.100 in 2012. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.) Fixed Asset Turnover 2012 2013 3-b. Did the company better utilize its investment in fixed assets to generate revenues in 2013 or 2012? O 2012 2013 4-a. Computer Tycoon reported average stockholders equity of $55,000 in 2013 and $41.800 in 2012 Compute the return on equity ratios for both years. (Round your answers to 1 decimal place Return on Equity (ROE) 2012 2012 2013 3-b. Did the company better utilize its investment in fixed assets to generate revenues in 2013 or 2012? O 2012 2013 4-a. Computer Tycoon reported average stockholders' equity of $55,000 in 2013 and $41,800 in 2012. Compute the returm on equity ratios for both years. (Round your answers to 1 decimal place.) Equity (ROE 2012 2013 4-b. Did the company generate greater returns for stookholders in 2013 than in 2012? O Yes O No