Assume the average cost of computer equipment fell 22.1 percent between 2016 and 2017. Let's 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 Cost of Goods Sold $100,000 $124,593 61,600 74,756 Gross Profit 38,400 49,837 Selling, General, and Administrative Expenses 30,100 30,100 Interest Expense 500 470 Income Before Income Tax Expense Income Tax Expense 7,800 3,800 19,267 5,981 Net Income $ 4,000 $ 13,286 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 % % 2-b. Not available in Connect. 3-a. Computer Tycoon reported average net fixed assets of $71,500 in 2017 and $70,000 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 3-b. Not available in Connect. 4-a. Computer Tycoon reported average shareholders' equity of $62,500 in 2017 and $49,300 in 2016. Compute the return on equity ratios for both years. (Round your answers to 1 decimal place.) 2017 2016 Return on equity (ROE) % % 3-b. Not available in Connect. 4-a. Computer Tycoon reported average shareholders' equity of $62,500 in 2017 and $49,300 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? O Yes O No