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. 2018 2017 2016 Balance Sheet Cash Accounts Receivable, Net $ 11,100 $8,600 $ 8,200 4,200 4,700 4,000 Common Stock Inventory Prepaid Expenses Other Current Assets Total Current Assets. Property and Equipment, Net Total Assets Current Liabilities Long-Term Liabilities: Total Liabilities Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold 2,300 4,100 2,700 1,630 1,930 1,080 520 570 420 19,750 19,900 16,400 86,000 101,000 49,000 $105,750 $120,900 $65,400 $16,800 $ 16,800 42,700 $17,800 57,700 21,700 59,500 74,500 39,500 36,000 41,000 21,900 10,250 5,400 4,000 46,250 46.400 25,900 $105,750 $120,900 $65,400 $ 91,000 $67,000 $55,000 71,600 54,600 41,600 Gross Profit 19,400 12,400 13,400 Operating Expenses 5,100 3,100 8,100 Income from Operations 14,300 9,300 5,300 Interest Expense 1,660 3,760 1,460 Income before Income Tax Expense. 12,640 5,540 3,840 Income Tax Expense 4,150 1,900 1,600 Net Income $ 8.490 $ 3,640 $2,240 Required: 1-a. Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017. 1-b. Was NGS more profitable in 2018 or 2017? 2. Calculate the current ratio for 2018 and 2017. 3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017. 3-b. Was NGS more solvent in 2018 or 2017?