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HELP!!!!!!!!! i Data Table - X ed January 31, January 31, 2017 2018 SC $ 48,500 C Net sales ... Net earnings... Average total assets
HELP!!!!!!!!!
i Data Table - X ed January 31, January 31, 2017 2018 SC $ 48,500 C Net sales ... Net earnings... Average total assets $ 50,000 $ 2,000 $ 40,000 $ 1,800 $ 39,450 i Requirements - X 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? Print none Kittery 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, X.XX%.) / Net profit margin ratio % 2018 % 2017 % The profit margin from 2017 to 2018. Requirement 2. Compute asset turnover for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? Identify the formula, then calculate asset turnover for 2018 and 2017. (Round your answers two decimal places, X.XX.) / Total asset turnover 2018 = 2017 The asset turnover from 2017 to 2018. Requirement 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? Identify the formula, then calculate return on assets (ROA) for 2018 and 2017. (Round your answers to the nearest hundredth of a percent, X.XX%.) Return on assets (ROA) 2018 % 2017 = % The return on assets from 2017 to 2018 mostly due to the change in the Choose from any list or enter any number in the input fields and then continue to the next
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