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According to the producer price index database maintained by the Bureau of Labor Statstics, the average cost of computer equipment fell 4.8 percent between 2012

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According to the producer price index database maintained by the Bureau of Labor Statstics, 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. Sales Revenue Cost of Goods Sold $102,000 $123,000 61,000 72,300 41,000 50.700 Gross Profit Selling, General, and Administrative Expenses Interest Expense 36,200 520 37.400 485 Income before Income Tax Expense Income Tax Expense 4,280 12,815 1,000 5.200 Net Income $ 3,280 $ 7.615 Required 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) Gross Profit Percentage 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 profit from each dolar of sales in 2014? O More Gross Profit Less Gross Profit 2-a. Compute the net profit margin for each year (Round your answers to 1 decimal place.) Net Profit Margin 2012 2013

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