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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

image text in transcribedimage text in transcribed 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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