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. Lets see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2013.

2012 2013 $117,000 $145,500 Sales Revenue Cost of Goods Sold 68,500 78,300 Gross Profit 48,500 67.200 Selling, General, and 37,700 40,400 Administrative Expenses 560 Interest Expense 670 Income before Income Tax 10,130 26,240 Expense Income Tax Expense 2,500 6.700 Net Income 7,630 19,540 3- Computer Tycoon reported average net fixed assets of $55,900 in 2013 a. and $46,800 in 2012. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.) Fixed Asset Turnover 2012 2013 3- Did the company better utilize its investment in fixed assets to generate b. revenues in 2013 or 2012? o 2012 2013 4- Computer Tycoon reported average stockholders' equity of $55,700 in a. 2013 and $42,500 in 2012. Compute the return on equity ratios for both years. (Round your answers to 1 decimal place.) Return on Equity (ROE) 2012 2013