Use the following information to complete the following requirements. Below are the income statements of Unlimited Technology Inc. for the years ended December 31, 2016 and 2015. 2016 2015 Sales Revenue $100,000 $120,000 Cost of Goods Sold 60,000 71,500 Gross Profit 40,000 48,500 Selling, General, and Administrative Expenses 36,000 37,000 Interest Expense 500 475 Income before Income Tax Expense 3,500 11,025 Income Tax Expense 1,000 5,000 $ 2,500 $ 6,025 Net Income Required: 1. Compute the gross profit percentage for each year (one decimal place). Assuming that the change for 2015 to 2016 is the beginning of a sustained trend, is Unlimited Technology likely to earn more or less gross profit from each dollar of sales in 2017? 2. Compute the net profit margin for each year (expressed as a percentage with one decimal place). Given your calculations here and in requirement 1, explain whether Unlimited Technology did a better or worse job of controlling operating expenses in 2016 relative to 2015. 3. Unlimited Technology reported average stockholders' equity of $54,000 in 2016 and $40,800 in 2015. Compute the return on equity ratios for both years (expressed as a percentage with one decimal place). Did the company generate greater returns for stockholders in 2016 or 2015