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Hometown Supply Company reported the following information in its comparative financial statements for the fiscal year ended January 31, 2018: (Click the icon to view
Hometown Supply Company 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 % Data Table January 31, 2018 January 31, 2017 Net sales $ 84,000 $ 82,600 Net earnings $ 4,200 $ 4,050 Average total assets $ 70,000 $ 69,450 Print Done
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