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Presented below is the comparative income statement of Morrison Company for 2020 and 2019. Morrison Company Income Statement For the Year Ended April 30 2020

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Presented below is the comparative income statement of Morrison Company for 2020 and 2019. Morrison Company Income Statement For the Year Ended April 30 2020 2019 Sales $183,965 $121,341 Cost of Goods Sold $113,771 $69,129 Gross Profit $70,194 $52,212 Operating Expenses Administrative Expense $19,272 $13,154 Selling Expense $24,445 $23,948 Total Operating Expenses $43,717 $37,102| Other Income and Expenses Interest Expense $1,909 $1,180 Income Before Income Tax $24,568 $13,930 Income Tax $7,370 $4,179 Net Income (Loss) $17,198 $9.751 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

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