Assume the average cost of computer equipment fell 24.5 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	$	100,300		$	128,468
Cost of Goods Sold		61,700			77,081
Gross Profit		38,600			51,387
Selling, General, and Administrative Expenses		30,200			30,200
Interest Expense		586			480
Income Before Income Tax Expense		7,814			20,707
Income Tax Expense		4,708			6,737
Net Income	$	3,106		$	13,970

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

3 Computer Tycoon reported average net fixed assets of $72,000 in 2017 and $72,000 in 2016. Compute the fixed asset turnover ratios for both years. (Round your answers to 2 decimal places.) 4-a. Computer Tycoon reported average shareholders equity of $63,000 in 2017 and $49,800 in 2016. Compute the return on equity ratios for both years. (Round your answers to 1 decimal place.)