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(similar 10) Question Help x Kenyon Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2018: E: (Click the icon to view the data.) Read the requirements. Data Table Requirement 1. Compute net profit margin ratio (%) for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? January 31, January 31, Identify the formula, then calculate profit margin for 2018 and 2017. (Round your answers to the nearest hundredth of a percent, X.XX%.) 2018 2017 Net sales $ 1 Net profit margin ratio % 38,700 2018 $ % 40,000 $ 2,400 $ 32,000 $ = 2,250 Net earnings. Average total assets 2017 % 31,250 Requirements Print Done 1. Compute net profit margin ratio for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? 2. Compute asset turnover for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? 3. Compute return on assets for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? Which component-net profit margin ratio or asset turnoverwas mostly responsible for the change in the company's return on assets? Choose from any list or enter an