The average price of a gallon of gas in 2013 dropped $0.12 (3 percent) from $3.61 in 2012 (to $3.49 in 2013). Let's see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31, 2013 (amounts in billions). Total Revenues Other Operating Costs Income before Income Tax Expense $240 $254 124 130 56 Costs of Crude Oil and Products 59 57 08 Income Tax Expense Net Income s 30 30 Required: 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) Gross Profit Percentage 2012 2013 1-b. Assuming that the change from 2012 to 2013 is the beginning of a sustained trend, is Insignia likely to earn more or less gross profit from each dollar of sales in 2014 More Gross Profit O Less Gross Profit 2-a. Compute the net profit margin for each year, Round your answers to 1 decimai place.) t Pr Margin 2012 2013 2-b. Did Insignia do a better or worse job of controling expenses. other than the costs of crude oil and products. in 2013 relative to 20122 Better Job