According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipmer fell 3.8 percent between January and December 2016 . Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2016. 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 Tycoon likely to earn more or less gross profit from each dollar of sales in 2017 ? 2. Compute the net profit margin for each 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 $55,400 in 2016 and $46,300 in 2015 . Compute the fixed asset turnover ratios for both years. Did the company better utilize its investment in fixed assets to generate revenues in 2016 or 2015 ? 4. Computer Tycoon reported average stockholders' equity of $55,200 in 2016 and $42,000 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 2015