Below is five years of Statement of Income data for Dollar General Corporation, one of the largest discount retailers in the United States:

1. Compute the net profit margin ratio for each of the years presented, rounding your answers to three decimal places.
2. What trends do you observe over time and what do the trends suggest about Dollar General?

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(Amounts in millions) Net sales Cost of goods sold Gross profit Selling, general and administrative expenses Operating profit Interest expense Other (income) expense Income before income taxes Income tax expense Net income January 29, 2021 $33,746.8 23,027.9 10,718.9 7,164.1 3,554.8 150.4 0.0 3,404.4 749.3 $ 2,655.1 January 31, 2020 $27,754.0 19,264.9 8,489.1 6,186.8 2,302.3 100.6 0.0 2,201.7 489.1 $1,712.6 YEAR ENDED February 1, February 2, 2019 2018 $25,625.0 17,821.1 7,803.9 5,687.6 2,116.3 99.9 1.0 2,015.4 425.9 $1,589.5 $23,471.0 16,249.6 7,221.4 5,213.6 2,007.8 97.0 3.5 1,907.3 368.3 $1,539.0 February 3, 2017 $21,986.6 15,204.0 6,782.6 4,719.2 2,063.4 97.8 0.0 1,965.6 714.5 $ 1,251.1