Looking back over the last few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicoles Getaway Spa (NGS). Nicole is curious about her companys performance as she compares its financial statements.

	2021	2020	2019
Balance Sheet
Cash	$ 11,700	$ 9,200	$ 8,800
Accounts Receivable, Net	4,500	5,000	4,300
Inventory	2,450	4,250	2,850
Prepaid Expenses	1,750	2,050	1,200
Other Current Assets	550	600	450
Total Current Assets	20,950	21,100	17,600
Property and Equipment, Net	89,000	104,000	52,000
Total Assets	$ 109,950	$ 125,100	$ 69,600
Current Liabilities	$ 18,000	$ 18,000	$ 19,000
Long-Term Liabilities	43,750	58,750	22,750
Total Liabilities	61,750	76,750	41,750
Common Stock	37,500	42,500	23,400
Retained Earnings	10,700	5,850	4,450
Total Stockholders Equity	48,200	48,350	27,850
Total Liabilities and Stockholders Equity	$ 109,950	$ 125,100	$ 69,600
Income Statement
Sales Revenue	$ 92,500	$ 68,500	$ 56,500
Cost of Goods Sold	72,500	55,500	42,500
Gross Profit	20,000	13,000	14,000
Operating Expenses	5,250	3,250	8,250
Income from Operations	14,750	9,750	5,750
Interest Expense	1,750	3,850	1,550
Income before Income Tax Expense	13,000	5,900	4,200
Income Tax Expense	4,300	2,050	1,750
Net Income	$ 8,700	$ 3,850	$ 2,450

Required:

1-a. Calculate the net profit margin, gross profit percentage, return on equity, and fixed asset turnover ratio for 2021 and 2020.

1-b. Was NGS more profitable in 2021 or 2020?

2. Calculate the current ratio for 2021 and 2020.

3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2021 and 2020.

3-b. Was NGS more solvent in 2021 or 2020?