Looking back over the last few years, it is clear that Nicole Mackisey has accomplished much running her business, Nicoles Getaway Spa $($NGS$).$ Nicole is curious about her companys performance as she compares its financial statements. $202420232022$Balance Sheet Cash$ $6,700$$ $4,200$$ $3,800$Accounts Receivable, Net$2,0002,5001,800$Inventory$1,2003,0001,600$Prepaid Expenses$7501,050200$Other Current Assets$300350200$Total Current Assets$10,95011,1007,600$Property and Equipment, Net$64,00079,00027,000$Total Assets$ $74,950$$ $90,100$$ $34,600$Current Liabilities$ $8,000$$ $8,000$$ $9,000$Long$-$Term Liabilities$35,00050,00014,000$Total Liabilities$43,00058,00023,000$Common Stock$25,00030,00010,900$Retained Earnings$6,9502,100700$Total Stockholders Equity$31,95032,10011,600$Total Liabilities and Stockholders Equity$ $74,950$$ $90,100$$ $34,600$Income Statement Sales Revenue$ $80,000$$ $56,000$$ $44,000$Cost of Goods Sold$65,00048,00035,000$Gross Profit$15,0008,0009,000$Operating Expenses$4,0002,0007,000$Income from Operations$11,0006,0002,000$Interest Expense$1,0003,100800$Income before Income Tax Expense$10,0002,9001,200$Income Tax Expense$3,050800500$Net Income$ $6,950$$ $2,100$$ $700$Required:$1-$a$.$ Calculate the net profit margin, gross profit percentage, return on equity, and fixed asset turnover ratio for $2024$ and $2023\mathrm{.}1-$b$.$ Was NGS more profitable in $2024$ or $2023?2.$ Calculate the current ratio for $2024$ and $2023\mathrm{.}3-$a$.$ Calculate the debt$-$to$-$assets ratio and times interest earned ratio for $2024$ and $2023\mathrm{.}3-$b$.$ Was NGS more solvent in $2024$ or $2023?$