(Answered) Looking back over the last few years it is clear that

Accounting

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.

Required:

1. Was NGS more profitable in 2016 or 2015? Use the gross profit percentage, return on equity, and fixed asset turnover ratio to help in making a decision (round each ratio to two decimal places).

2. Was NGS more liquid in 2016 or 2015? Use the current ratio to help in making a decision (round each ratio to two decimal places).

3. Was NGS more solvent in 2016 or 2015? Use the debt- to- assets ratio and times interest earned ratio to help in making a decision (round each ratio to two decimal places).

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