Looking back over the last few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicole's Getaway Spa (NGS). Nicole is curious about her company's performance as she compares its financial statements 2018 Balance Sheet $9,300 6,800 6,400 3,100 2,250 720 330 12,800 40,000 $93,150 $108,300 $52, 800 as Accounts Receivable, Net Inventory Prepaid Expenses Other Current Assets 3,800 3,650 1,570 480 16,300 77,000_ 92,000 3,300 1,850 1,270 430 16,150 Total Current Assets Property and Equipment, Net Total Assets Current Liabilities Long-Term Liabilities $13,200 13,200 $14,200 18,550 52,75067,750 32,750 17,400 2,650 20,050 $93,150 $108,300 $52, 800 39550 54,550 36,500 4,050 40,550 39,550 Total Liabilities Common Stock Retained Earnings 31,500 8,900 40,400 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Income Tax Dxpense Income Tax Expense $86,500 62,500 $50,500 51,90038,900 11,600 7,650 -08,.900 51,900 17,600 4,650 12,950 1,390 11,560 3,700 10,600 2,650 1,190 2,760 1,150 $7,860 3,010 1,610 3,490 4,460 1,450 Net Income Required: 1-a. Calculate the gross profit percentage, return on equity, and fixed asset turnover ratio for 2018 and 2017 1-b. Was NGS more profitable in 2018 or 2017? 2. Calculate the current ratio for 2018 and 2017. 3-a. Calculate the debt-to-assets ratio and times interest earned ratio for 2018 and 2017 3-b. Was NGS more solvent in 2018 or 2017