Presented below is the comparative income statement of Morrison Company for 2020 and 2019. Morrison Company Income Statement For the Year Ended May 31 2020 2019 Sales $189,187 $101,938 Cost of Goods Sold $116,625 $62,622 Gross Profit $72,562 $39,316 Operating Expenses Administrative Expense $24,578 $13,764 Selling Expense $27,881 $21,459 Total Operating Expenses $52,459 $35,223 Other Income and Expenses Interest Expense $1,817 $961 Income Before Income Tax $18,286 $3,132 Income Tax $5,486 $940 Net Income (Loss) $12,800 $2,192 a) Calculate the following ratios for both years. Enter net profit margin as a percentage. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. 2020 2019 Net Profit Margin $52,459 $35,223 Total Operating Expenses Other Income and Expenses Interest Expense $1,817 $961 Income Before Income Tax $3,132 Income Tax $18,286 $5,486 $12,800 $940 Net Income (Loss) $2,192 a) Calculate the following ratios for both years. Enter net profit margin as a percentage. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. 2020 2019 Net Profit Margin Time Interest Earned b) In which year does the company have a better performance with respect to the net profit margin calculated in part a)? Year: Check