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E13-2 (Algo) Computing and Interpreting Profitability Ratios [LO 13-4, LO 13.5] The average price of a palion af gas in 2018 incheused $0.30 (12.4 percent) from $2.42 in 2017 to $272 in 2018 . Let'v see whether these changes are refected in the income stotement of Tiper Industries for the year ended December 31,2018 (Amounts in billions). Pequired: 1. Compute tive gross profit percentage for each year, Assuming that the change from 2017 to 2018 is the beginning of a sustained Hend, is higer ihely to earn more of lesffoross profit from eoch dollar of sales in 2019 ? 2. Compute the net profit margin for ench yeac. Did Tiger do a better or worse job of controling expenses other than the costs of crude ofi and products in 2018 relative to 2017 4. Theer reported average stochholders' equity of $190 billion in 2018 and 5136 bilion in 2017 . The company has not issued praforred stock. Compute the return on equiby ratios for both yean. Did the company generate greater retums for stockhalden in 2018 or 2017 ? 1-a. Compute the gross profit percentage for each year. (Round percentage values to 1 decimal place.) 1-b. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is Tiger likely to earn more or less gross profit from each dollar of sales in 2019? 2-a. Compute the net profit margin for each year. (Round percentage values to 1 decimal place.) -b. Did Tiger do a better or worse job of controlling expenses other than the costs of crude ofl and products in 2018 Telative 02017. -a. Tiger reported average net fixed assets of $380 billion in 2018 and $378 billion in 2017 . Compute the fixed asset urnover rattos for both years. (Round your answers to 2 decimal places.) -b. Oid the company better utilize its investment in fixed assets to generate revenues in 2018 or 20177 Complete this question by entering your answers in the tabs below. 4-a. Tiger reported average stockholders' equity of $190 billion in 2018 and $186 billion in 2017. The company has not issued preferred stock. Compute the return on equity ratios for both years. (Round percentage values to 1 decimal place.) 4-b. Did the company generate greater returns for stockholders in 2018 or 2017