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Shop Happy Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three year ending December 31, 2020; (Click the icon to view the consolidated statements of operations.) (Click the icon to view the partial balance sheets.) Read the requirements. Requirement 1. Compute the net profit margin ratio for Shop Happy for the years ended Docember 31, 2020, and December 31, 2019. (Round your anawers to the nearest hundredth of a percent, X.9 ). Begin by identifying the lormula to calculate profit margin. Compute the net profit margin ratio for the year ended December 31, 2020. The net profi margin ratio for the year ended Decerrber 31,2020 is %. Compute the net profit margin ratio for the year ended December 31, 2019. The net profit margin ratio for the year ended December 31,2019 is Pouted whate niprake Data table reported the following in nce sheets.) fcember 31, 2019. (Round Requirements (alance sheets.) 1. Compute the net profit margin ratio for Shop Happy for the years ended December 31, 2020, and December 31, 2019. 2. Compute asset turnover for Shop Happy for the years ended December 31 , 2020 , and December 31,2019. 3. Compute return on assets for Shop Happy for the years ended December 31 , 2020, and December 31, 2019. 4. What factors contributed to the change in return on assets during the year? Compute The net f Compute The net promtmargmrato ior ene year enced ecemvers, z01975 17. ending December 31, 2020: (Click the icon to view the consolidated statements of operations.) (Click the icon to view the partial belance sheats.) Read the Requirement 1. Compute the net profit margin ratio for Shop Happy for the years ended December 31, 2020, and December 31, 2019. (Round your answors to the nearest hundredth of a percent, X.X%. Begin by identifying the formula to calculate profit margin. Net profit margin ratio Compute the net proff margin ratio for the year ended December 31, 2020. The net profit margin ratio for the year ended December 31,2020 is Compute the net profit margin ratio for the year ended December 31, 2019. The net profit margin ratio for the year ended Docember 31, 2019 is Shop Happy Corporation operates general merchandise and food discount stores in the United States. The company reporled the following information for the thee years ending December 31, 2020: (Click the icon to view the consolidated statements of operations.) (Click the icon to view the partial balance sheets.) Read the reguiremenis. The net profit margin ratio for the year endod December 31,2020 is Compute the net profit margin ratio for the year ended December 31,2019. The net profit margin ratio for the year ended December 31, 2019 is Requirement 2. Compute asset tumover for Shop Happy for the yoars ended December 31, 2020, and December 31, 201e. (Round your arswars fir deomai placet. x.XXX Begin by identifying the formula to calculate asset turnover. Compule the B5set tumover for the year ended December 31, 2020. Shop Happy Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three ye ending December 31, 2020; (Click the icon to view the consolidated statements of operations.) (Click the icon to view the partial balance sheets.) Read the fequifements. Compute the asset tumover for the year ended December 31,2020 , The asset turnover for the year ended December 31,2020 is Compute the asset tumover for the year ended December 31, 2019. The asset tumover for the year ended December 31,2019 is Requirement 3. Compute return on assots for Shop Happy for the years ended December 31, 2020, and December 31, 2019. (Round your anawire to the reareat mwandredth of a percent, ) Begin by identifying the formula to colculate retum on assets I=Rekurnonassets(ROA) Compute the retum on assets for the vear ended December 31. 2020 Shop Happy Corporation operates goneral merchandise and food discount stores in the Uniled States. The company reported the following informabion for the three years ending December 31, 2020: (Click the icon to view the consolldaled statements of operations.) (Cick the loon to view the partial balance sheets.) Read the reguirements. Compute the return on assets for the year ended December 31,2020. The retum on assets for the year ended December 31,2020 is \%. Compute the retum on assets for the year ended December 31, 2019. The return on assets for the year onded December 31, 2019 is Roquirement 4. What factors contributed to the change in retum on assets during the year? The following contributed to the change in return on assets during the year: (If an input feld is not used in the tabio leavo the foild omply, do not seiect a label) Average total assets decreased, decreasing asset turnover Average total assets decreased, increasing asset turnover Average total assets increased, decreasing asset turnover Average total assets increased, increasing asset turnover Cost of goods sold as a percent of sales decreased, decreasing net profit margin ratio Cost of goods sold as a percent of sales decreased, increasing net profit margin ratio Cost of goods sold as a percent of sales increased, decreasing net profit margin ratio Cost of goods sold as a percent of sales increased, increasing net profit margin ratio Sales decreased, decreasing net income and profit margin Sales decreased, increasing profit margin

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