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Kincade Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31,2021 : (Click the icon to view
Kincade 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 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 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.) Data table
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