Assume the average cost of computer equipment fell 21.8 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	$	99,200		$	123,885
Cost of Goods Sold		61,200			74,331
Gross Profit		38,000			49,554
Selling, General, and Administrative Expenses		31,000			31,000
Interest Expense		572			260
Income Before Income Tax Expense		6,428			18,294
Income Tax Expense		3,398			5,600
Net Income	$	3,030		$	12,694

2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 2017 2016 Sales revenues $ % % % % Costs of goods sold Gross profit Selling, General, and Administrative expenses 99,200 61,200 38,000 31,000 % $ 123,885 74,331 49,554 31,000 260 % % % 572 % % 6.428 % % Interest expense Income before income tax expense Income tax expense Net income 3,398 % 18,294 5,600 12,694 % $ 3,030 % S % 2-b. Excluding income tax, interest, and selling, general, and administrative expenses, did Computer Tycoon earn more profit per dollar of sales in 2017 compared to 2016? O No O Yes