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 2012 $101,000 $121,500 60,500 71,900 40,500 $ 49,600 37,200 480 11,920 1.0005.100 $ 2,890 $ 6,820 Sales Revenue Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 36,100 510 3,890 Required 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) s Profit 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 dollar of sales in 2014? More Gross Profit O Less Gross Profit 2-a. Compute the net profit margin for each year. (Round percentage your answers to 1 decimal place.) 2012 2013 2-b. Did Computer Tycoon do a better or worse job of controlling expenses in 2013 relative to 2012? Better Job O Worse Job 3-a.Computer Tycoon reported average net fixed assets of $54,300 in 2013 and $45,200 in 2012. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.) Turnover 2012 2013 3-b. Did the company better utilize its investment in fixed assets to generate revenues in 2013 or 2012? 2012 2013 4-a. Computer Tycoon reported average stockholders' equity of $54,100 in 2013 and $40,900 in 2012. Compute the return on equity ratios for both years. (Round your percentage answers to 1 decimal place.) on ull 2012 2013 4-b. Did the company generate greater returns for stockholders in 2013 than in 2012? Yes O No