Bargain Hut Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending February 28, 2015:

Requirements
1. Compute net profit margin ratio for Bargain Hut Corporation for the years ended February 28, 2015, and February 28, 2014?
2. Compute asset turnover for Bargain Hut Corporation for the years ended February 28, 2015, and February 28, 2014?
3. Compute return on assets for Bargain Hut Corporation for the years ended February 28, 2015, and February 28, 2014.
4. What factors contributed to the change in return on assets during the year?

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A1 Bargain Hut Corporation 1 Consolidated Statements of Operations (Adapted 2 In millions of USD For the year ended February 28, 2014 2015 2013 4 Total net revenue 5 Cost of sales 6 Selling, general and administrative expenses 7 Net income from operations 8 Other revenue (expense) 9 Net income before income taxes 10 Income tax expense 11 Net income 12 75,000 62,000 21,700 27,000 43,950 4050 (770 3,280 36,392 3,908 870 3,038 788 60,000 21,000 34440 4,560 860 3,700 2,430 A1 Bargain Hut Corporation Partial Balance Sheets (Condensed) 2In millions of USD 3 Total current assets Feb. 28, 2015 Feb. 28, 2014 Feb. 28, 2013 $32,690 28,820 1,340 25,800 860 4 Property plant and equipment, net 25,500 80 26,900 Other assets Total assets 910 60 6