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Gunny Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2021. Gunny Grocery Corporation reported the

Gunny Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2021.

image text in transcribedimage text in transcribed Gunny Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31,2021 : 1 (Click the icon to view the data.) Read the requirements 2. Requirement 1. Compute net profit margin ratio (\%) for the years ended January 31, 2021 and 2020. Did it improve or worsen in 2021? Identify the formula, then calculate profit margin for 2021 and 2020. (Round your answers to the nearest hundredth of a percent, X.XX\%.) The profit margin (3) from 2020 to 2021. Requirement 2. Compute asset turnover for the years ended January 31, 2021 and 2020. Did it improve or worsen in 2021? Identify the formula, then calculate asset turnover for 2021 and 2020. (Round your answers two decimal places, X.XX.) The asset turnover (6) from 2020 to 2021. return on assets? Identify the formula, then calculate return on assets (ROA) for 2021 and 2020. (Round your answers to the nearest hundredth of a percent, X.XX\%.) The return on assets (9) from 2020 to 2021 mostly due to the change in the (10) 1. Compute net profit margin ratio for the years ended January 31,2021 and 2020. Did it improve or worsen in 2021? 2. Compute asset turnover for the years ended January 31, 2021 and 2020. Did it improve or worsen in 2021? on assets? (1) Average total assets Net income Net sales (7) Average total assets Net income Net profit margin ratio (\%) (2) Average total assets Net income Net sales Net sales Total asset turnover (3) improved(4)worsenedAveragetotalassetsNetincomeNetsales (8) Average total assets Total asset turnover Net income Net profit margin ratio (\%) (5) Average total assets Net income Net sales (9) improved worsened (6) improved worsened (10) asset turnover net profit margin

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