CC13-1 (Static) Evaluating Profitability, Liquidity, and Solvency [LO 13-4, LO 13-5] Looking back over the last few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicole's Getaway Spa (NGS). Nicole is curious about her company's performance as she compares its financial statements. Balance Sheet Cash Accounts Receivable, Net Inventory Prepaid Expenses Other Current Assets Total Current Assets Property and Equipment, Net Total Assets Current Liabilities Long-Term Liabilities Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 2021 2020 2019 $ 6,700 2,000 $ 4,200 $ 3,800 2,500 1,800 1,200 3,000 1,600 750 1,050 200 300 350 200 10,950 64,000 $ 74,950 $ 8,000 35,000 43,000 25,000 6,950 31,950 $ 80,000 65,000 15,000 Total Liabilities and Stockholders' Equity $ 74,950 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 11,100 79,000 $ 90,100 $ 8,000 50,000 58,000 30,000 2,100 32,100 $ 90,100 $ 56,000 48,000 8,000 7,600 27,000 $ 34,600 $ 9,000 14,000 23,000 10,900 700 11,600 $ 34,600 $ 44,000 35,000 9,000 7,000 4,000 2,000 11,000 6,000 2,000 1,000 3,100 800 10,000 2,900 1,200 3,050 800 500 $ 6,950 $ 2,100 $ 700 Required: 1-a. Calculate the net profit margin, gross profit percentage, return on equity, and fixed asset turnover ratio for 2021 and 2020. 1-b. Was NGS more profitable in 2021 or 2020? 2. Calculate the current ratio for 2021 and 2020. 3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2021 and 2020. 3-b. Was NGS more solvent in 2021 or 2020? Complete this question by entering your answers in the tabs below. Req 1A Req 18- Req 2 Req 3A Req 38- Calculate the net profit margin, gross profit percentage, return on equity, and fixed asset turnover ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 2020 Net Profit Margin % Gross Profit Percentage % % Return on Equity % % Fixed Asset Turnover Ratio