Knapp 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.

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$\%.)$

Requirements

Compute net profit margin ratio for the years ended January $31,2021$ and

Did it improve or worsen in $2021?$

Compute asset turnover for the years ended January $31,2021$ and $2020.$ Did

it improve or worsen in $2021?$

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 turnover$-$was mostly responsible for the change in the company's

return on assets?

Data table