Kittery Grocery Comoration reported the following information in its comparative financial statements for the fiscal...
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Kittery Grocery Comoration reported the following information in its comparative financial statements for the fiscal year ended January 31,2021 : (Click the icon to view the data.) Read the requirements. Requirement 1. Compute net profit margin ratio (\%) for the years ended January 31, 2021 and 2020. Did it improve or worsen in 2021 ? Identify the formula, then calculate profit margin for 2021 and 2020. (Round your answers to the nearest hundredth of a porcent, X% Data table 1. Compute net profit margin ratio for the years ended January 31,2021 and 2020. Did it improve or worsen in 2021 ? 2. Compute asset turnover for the years ended January 31,2021 and 2020. Did it improve or worsen in 2021 ? 3. Compute return on assets for the years ended January 31,2021 and 2020. Did it improve or worsen in 2021? Which component-net profit margin ratio or asset turnover-was mostly responsible for the change in the company's
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