One Stop Shop Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending December 31, 2020: 

Requirements 

1. Compute the net profit margin ratio for One Stop Shop for the years ended December 31, 2020, and December 31, 2019.

2. Compute asset turnover for One Stop Shop for the years ended December 31, 2020, and December 31, 2019.

3. Compute return on assets for One Stop Shop for the years ended December 31, 2020, and December 31, 2019. 

4. What factors contributed to the change in return on assets during the year?

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A1 One Stop Shop Corporation Consolidated Statements of Operations (Adapted) 1 2 3 In millions of USD 4 Total net revenue 5 Cost of sales 6 Selling, general and administrative expenses 7 Net income from operations 8 Other revenue (expense) 9 10 Income tax expense 11 Net income 12 4 Net income before income taxes A1 One Stop Shop Corporation Partial Balance Sheets (Condensed) 1 2 In millions of USD 3 Total current assets Property, plant and equipment, net Other assets 5 6 Total assets 7 $ $ For the year ended December 31 2020 2019 2018 $ 60,000 $ 21,600 31,520 6,880 (750) 6,130 (2,230) 3,900 $ 50,000 $ 17,500 26,790 5,710 (850) 4,860 28,880 $ 28,700 870 58,450 $ 48,500 16,975 23,785 7,740 (780) 6,960 Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 $ 27,000 $ 25,100 800 52,900 $ (1,260) (660) 3,600 $ 6,300 10,990 25,600 810 37,400