E7-35A (similar to) Question Help o Kirby 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 fomula, 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 = 2017 Choose from any list or enter any number in the input fields and then click Check Answer. ? E7-35A (similar to) Question Help O Kirby Grocery Corporation reported the following (Click the icon to view the data.) i Requirements Read the requirements. Requirement 1. Compute net profit margin ratio 1 Identify the fomula. then calculate profit margin for 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 the change in the company's return on assets? 2018 2017 Print Done b18: Kirby Grocery Corporation reported the following inford (Click the icon to view the data.) Read the requirements. Data Table Requirement 1. Compute net profit margin ratio (%) fa Identify the fomula then calculate profit margin for 20 January 31, January 31, 2018 2017 Net sales S 50,000 $ 48.600 2018 Net earnings ......S 2.200 $ 2.000 2017 Average total assets S 40,000 $ 39.450 Print Done