please help me fill in the right answers. A chegg expert tryed solving it before and it was all wrong please help
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 $ 11,100 4,200 2,300 1.630 520 19,750 86,000 $105,750 $ 16,800 42.700 59,500 36.000 10,250 46,250 $105,750 $ 3,600 4,700 4,100 1.930 570 19,900 101,000 $120,900 $ 16,800 57.700 74.300 41,000 5.400 46.400 $120,900 $ 3,200 4,000 2,700 1,080 420 16,400 49.909 565,400 517,800 21,700 39.500 21,900 4.000 25.900 $65,400 $ 91,000 21.600 19,400 5.100 14,300 1.660 12,640 4,150 $ 8.490 $67.000 54.600 12,400 3, 100 9,300 3,760 5,540 1.900 53.640 $55.000 41.600 13,400 8,100 5.300 1.460 3,840 1,600 $ 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? Homework B 0 Saved Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 71,600 19,400 5,100 14,300 1,660 12,640 4,150 $ 8,490 54,600 12,400 3,100 9,300 3,760 5,540 1,900 $ 3,640 41,600 13,400 8,100 5,300 1,460 3,840 1,600 $ 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? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 2 Req Req 3B Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017. (Round y answers to 2 decimal places.) 2018 % Gross Profit Percentage Return on Equity Fixed Asset Turnover Ratio 2017 % % Saved Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 71,600 19,400 5,100 14,300 1,660 12,640 4,150 $ 8,490 54,600 12,400 3,100 9,300 3.760 5,540 1,900 $ 3,640 41,600 13,400 8.100 5,300 1,460 3,840 1.600 $ 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? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Req Reg 3B Calculate the current ratio for 2018 and 2017. (Round your answers to 2 decimal places.) 2018 2017 Current Ratio Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 71,600 19,400 5,100 14,300 1,660 12,640 4,150 8,490 54,600 12,400 3,100 9,300 3,760 5,540 1,900 $ 3,640 41,600 13,400 8,100 5,300 1,460 3,840 1,600 $ 2,240 $ Required: 017 1-a. Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 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 Reg 1B Req 2 Req Req 3B Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017. (Round your answers to 2 places.) 2018 2017 Debt to Assets Ratio Times Interest Earned Ratio
