E7-35A (similar to) Question Help O Kincade Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2018: (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, XXX%.) ] = Net profit margin ratio % 2018 2017 % % Requirements Data Table 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 tumover 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 turnover-was mostly responsible for the change in the company's return on assets? January 31, 2018 January 31, 2017 Net sales $ Print Done 52,450 1.860 $ 54,000 S 2,160 S 36,000 S Net earnings Average total assets $ 35.400 Print Done Choose from any list or enter any number in the input fields and then click Check