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Assume the average cost of computer equipment fell 2 1 . 2 percent between 2 0 1 6 and 2 0 1 7 . Lets
Assume the average cost of computer equipment fell percent between and Lets see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December Sales Revenues$ $ Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income$ $ Required:a Compute the gross profit percentage for each year. Round your answers to decimal place.b Not available in Connect. a Compute the net profit margin for each year. Round your answers to decimal place.b Not available in Connect. a Computer Tycoon reported average net fixed assets of $ in and $ in Compute the fixed asset turnover ratios for both years. Round your answers to decimal places.b Not available in Connect. a Computer Tycoon reported average shareholders equity of $ in and $ in Compute the return on equity ratios for both years. Round your answers to decimal place.b Did the company generate greater returns for shareholders in than in multiple choiceYesNo
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