help please

The average price of a gallon of gas in 2015 dropped $0.94 ( 28 percent) from $3.34 in 2014 (to $240 in 2015). Let's see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31,2015 (amounts in billions). Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2014 to 2015 is the beginning of a sustained trend, 15 insignia Ilkely to eam more or less gross profit from each dollar of sales in 2016? 2. Compute the net profit margin for each year. Given your calculations here and in requirement 1 , explain whether insignia did a better or worse job of controlling expenses other than the costs of crude oll and products in 2015 relative to 2014 3. Insignja reported average net fixed assets of $235 bilion in 2015 and $164 billion in 2014 . Compute the fixed asset turnover ratios for both years. Did the company better utilize its investment in foed assets to generate revenues in 2015 or 2014 ? 4. Insignia reported average stockholders' equity of $225 biltion in 2015 and $164 billion in 2014 . The company has not issued preferred stock. Compute the return on equity ratios for both years. Did the company generate greater retums for stockholders in 2015 or 2014 ? A Answer is not complete. Complete this question by entering your answers in the tabs below. 1-a. Comnute the gross profit percentage for each year. (found your anwwara to 1 decimal place.) 1.b. Assuming that the change from 2014 to 2015 is the beginning of a sustained trand, in inaignia likely to earn mote of less gross profit from each dollac of sales in 2016