18: Next Question Kelsey Grocery Corporation reported the following information in its comparative financial statements for the fiscal year er E (Click the icon to view the data.) Read the requirements. Requirement 1. Compute net profit margin ratio (%) for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? Identify the formula, then calculate profit margin for 2018 and 2017. (Round your answers to the nearest hundredth of a percent, X.XX%.) = Net profit margin ratio % % 2018 In . 2017 = % . 1 Requirements Data Table January 31, January 31, 2018 2017 1. Compute net profit margin ratio for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? 2. Compute asset turnover for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? 3. Compute return on assets for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? Which component-net profit margin ratio or asset turnoverwas mostly responsible for change in the company's return on assets? Net sales 65,000 $ 63,500 Net earnings $ $ $ 2,600 $ 2,300 Average total assets 50,000 $ 49,300