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value: 10.00 points E13-4 Computing Profitability Ratios [L04, LO5] Assume the average cost of computer equipment fell 22.5 percent between 2012 and 2013. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ende December 31, 2013. 2012 100,000 $126,000 65,000 2013 Sales Revenues Cost of Goods Sold 55,000 Gross Proft Selling, General, and Administrative Expenses Interest Expense 45,000 32,000 61,000 32,000 280 300 Income before Income Tax Expense Income Tax Expense 12,700 3,150 28,720 5,902 Net Income $ 9,550 22,818 Required: 1-a. Compute the gross profit percentage for each year. (Round your answers to 1 decimal place.) 2013 2012 Gross profit