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.

	2018				2017				2016
Balance Sheet
Cash	$	8,300			$	5,800			$	5,400
Accounts Receivable, Net		2,800				3,300				2,600
Inventory		1,600				3,400				2,000
Prepaid Expenses		1,070				1,370				520
Other Current Assets		380				430				280
Total Current Assets		14,150				14,300				10,800
Property and Equipment, Net		72,000				87,000				35,000
Total Assets	$	86,150			$	101,300			$	45,800
Current Liabilities	$	11,200			$	11,200			$	12,200
Long-Term Liabilities		37,800				52,800				16,800
Total Liabilities		49,000				64,000				29,000
Common Stock		29,000				34,000				14,900
Retained Earnings		8,150				3,300				1,900
Total Stockholders Equity		37,150				37,300				16,800
Total Liabilities and Stockholders Equity	$	86,150			$	101,300			$	45,800
Income Statement
Sales Revenue	$	84,000			$	60,000			$	48,000
Cost of Goods Sold		67,400				50,400				37,400
Gross Profit		16,600				9,600				10,600
Operating Expenses		4,400				2,400				7,400
Income from Operations		12,200				7,200				3,200
Interest Expense		1,240				3,340				1,040
Income before Income Tax Expense		10,960				3,860				2,160
Income Tax Expense		3,450				1,200				900
Net Income	$	7,510			$	2,660			$	1,260

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?