Assume the average cost of computer equipment fell 17.0 percent between 2016 and 2017. Lets see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2017.

	2017			2016
Sales Revenues	$	98,500		$	116,544
Cost of Goods Sold		60,500			69,926
Gross Profit		38,000			46,618
Selling, General, and Administrative Expenses		34,100			34,100
Interest Expense		536			424
Income Before Income Tax Expense		3,364			12,094
Income Tax Expense		2,096			4,068
Net Income	$	1,268		$	8,026

Required: 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.)

	2017	2016
Gross Profit	______%	______%

2-a. Compute the net profit margin for each year. (Round your answers to 1 decimal place.)

	2017	2016
Net Profit	______%	______%

3-a. Computer Tycoon reported average net fixed assets of $57,200 in 2017 and $57,100 in 2016. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.)

	2017	2016
Fixed asset turnover ratio	______times	______times

4-a. Computer Tycoon reported average shareholders equity of $57,000 in 2017 and $43,800 in 2016. Compute the return on equity ratios for both years. (Round your answers to 1 decimal place.)

	2017	2016
Return on Equity (ROE)	______%	______%

4-b. Did the company generate greater returns for shareholders in 2017 than in 2016? yes or no?