Karlton Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2021: (Click the icon to view the data.) Read the requirements CD 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%.) = Net profit margin ratio % 2021 . = % 2020 % - Data table - X Requirements January 31, 2021 January 31, 2020 $ 60,000 $ Net sales Net earnings Average total assets 58,600 2,900 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? 3. Compute return on assets for the years ended January 31, 2021 and 2020. Did it improve or worsen in 2021? Which component-net profit margin ratio or asset turnoverwas mostly responsible for the change in the company's return on assets? $ 3,000 $ 50,000 $ $ 49,250 Print Done Print Done