. find the most recent ratios of the company

. what has caused the decline in the net profit margin?

For the Period Jan. 1, 20XX to Dec. 31, 20XX Net Sales Revenue $4, 107,000 Cost of Goods Sold Beginning Inventory $457,665 + Cost of Goods Produced $2, 196,535 Goods Available for Sale $2,654,200 - Ending Inventory $471,250 Cost of Goods Sold $2, 182,950 Gross Profit $1,924,050 Operating Expenses Utilities $49,700 Marketing $407,900 Insurance $99,500 Depreciation $182,000 Salaries and Benefits $389,780 E-Commerce $62,760 Repairs and Maintenance $72,575 Travel $58,750 Supplies $51,950 Misc. Expenses $56,420 Total Operating Expenses $1,431,335 Other Expenses Interest Expenses $224,300 Total Other Expenses $224,300 Total Expenses $1,655,6 Net Income $268,415Current Assets Cash Accounts Receivable Inventory Supplies Prepaid Expenses Total Current Assets Fixed Assets Land Buildings, net Vehicles, net Equipment, net Furniture and Fixtures, net Total Fixed Assets Total Assets Balance Sheet as of Dec. 31, 20XX $124,987 $429,870 $471 ,250 $4,330 $2,100 $1 .032.537 $302,560 $170,800 $98,000 $237,490 $29,780 $838,630 Current Liabilities Accounts Payable Notes Payable Line of Credit Payable Accrued Wages Payable Accrued Interest Payable Accrued Taxes Payable Total Current Liabilities Long-Term Liabilities Mortgage Loan Total LongTerm Liabilities Owner's Equity Capital and retained earnings Total Liabilities and Owner's Equity $197,865 $201,500 $75,000 $32,750 $19,000 $32,000 $558,115 $376,800 $197,600 $574,400 $738,652 M Liquidity Ratios Current Ratio Quick Ratio Leverage Ratios Debt Ratio Debt to Net Worth Ratio Times Interest Earned (TIE) Ratio Operating Ratios Avg. Inventory Turnover Avg. Collection Period (Days) Avg. Payable Period (Days) Net Sales to Total Assets Protability Ratios Gross Margin (GM) Net Prot Margin (N PM) Net Prot on Assets Return on Equity (ROE) Two Years Ago 1.90 0.98 0.64 1.60 2.90 5.10 34.60 31.20 2.50 50% 10% 21% 39% Industry Mean 2.00 1.05 0.70 1.70 2.40 4.90 33.10 32.50 2.10 49% 10% 20% 25%