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 20172016 s8,500 6,000 5,600 Balance Sheet Cash Accounts Receivable, Net Inventory Prepaid Expenses Other Current Assets 2,900 1,650 1,110 390 14,550 3,400 2,700 2,050 560 290 14,700 11,200 3,450 1,410 440 Total Current Assets Property and Equipment, Net 73,000 88,000 36,000 $87,550 $102,700 $47,200 Total Assets Current Liabilities Long-Term Liabilities 53-150 29,50034.SA.-29,750 -37180017,930- 17.45- $11,600 11,600 $12,600 17, 150 34,500 15,400 8,150 49,750 Total Liabilities Common Stock Retained Earnings ,300 Total Stockholders Equity Total Liabilities and Stockholders Equity 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 87,550 $102,700 $47,200 $84,50060,500 $48,500 -67,700 -50,700 -37,700 9,800 10,800 ,450 3,350 16,800 4,450 12,350 7,350 3,370 ,980 11,080 500 2,280 950 250 7.580 2,730 1,330 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? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3A Req 3B Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017. (Round your answers to 2 decimal places.) 2018 2017 Gross Profit Percentage Return on Equity Fixed Asset Turnover Ratio Req 1A Req 1B >