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 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 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 $ 7,100 2,200 1,300 830 320 11,750 66,000 $ 77,750 $ 8,800 35,700 44,500 26,000 7,250 33,250 $77,750 $ 4,600 2,700 3,100 1,130 370 11,900 81,000 $92,900 $ 8,800 50,700 59,500 31,000 2,400 33,400 $92,900 $ 4,200 2,900 1,700 280 220 8,400 29,000 $37,400 100 $ 9,800 14,780 24,500 11,900 1,000 12,900 $ 37,400 $81,900 65,600 15,400 4,100 11,309 1,060 10,240 3,150 $ 7,990 $57,000 48,600 8,400 2,100 6,300 3,160 3,140 909 $ 2, 240 $45,000 35,600 9,480 7,100 2,300 860 1,440 600 $ 840 Required: 1-. 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