Required information [The following information applies to the questions displayed below] Kaylee James, a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown on February 1. The shop specializes in a sbiection of gourmet chocolate candles and a line of gourmet ice cream. You have been hired as manager.) Your duties include maintaining the store's financial records. The following transactions occurred in February, the first month of operations a Received four shareholders' contributions totaling $29,500 cash to form the corporation: Issued 700 shares of $0.30 par value common stock b. Paid three months' rent for the store at $1,720 per month (recorded as prepaid expenses) c. Purchased and received candy for $5,700 on account, due in 60 days d. Purchased supplies for $1,430 cash e Negotiated and signed a two-year $14,000 loan at the bank, receiving cash at the time. g Used the money from (ej to purchase a computer for $3,200 (for recordkeeping and inventory tracking; used the balance for furniture and fixtures for the store. Placed a grand opening advertisement in the local paper for $440 cash: the ad ran in the current month h Made sales on Valentine's Day totaling $3,900, $2,675 was in cash and the rest on accounts receivable. The cost of the candy sold was $2.100. 1. Made a $570 payment on accounts payable. Incurred and paid employee wages of $1,500. k Collected accounts receivable of $165 from customers Made a repair to one of the display cases for $135 cash m. Made cash sales of $2.800 during the rest of the month. The cost of the candy sold was $1,610 5. Aher three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available Total assets Total abilities Total stockholders' pity Net sales revenue Net income 24,500 16,000 "At the end of 2021, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the store's opening in early 2022 5-a. Compute the net profit margin ratio for each year. (Round your answers to 1 decimal place) Net Prof Margin Rat 2021 3000 2019 % 5-b. Do you think you should be promoted? Yes ONO