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, 2017:

Requirements

1. Compute the net profit margin ratio for One Stop Shop for the years ended December 31, 2017, and December 31, 2016.

2. Compute asset turnover for One Stop Shop for the years ended December 31, 2017, and December 31, 2016.

3. Compute return on assets for One Stop Shop for the years ended December 31, 2017, and December 31, 2016.

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) For the year ended December 31 2016 50,000 $ 17,500 26,790 5,710 (850) 4,860 (1,260) 3,600 $ 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 Net income before income taxes 10 Income tax expense 11 Net income 12 2015 48,500 16,975 23,785 7,740 (780) 6,960 (660) 6,300 2017 60,000 $ 21,600 31,520 6,880 (750) 6,130 (2,230)| 3,900 $ A1 One Stop Shop Corporation Partial Balance Sheets (Condensed) 2 In millions of USD 3 Total current assets 4 Property, plant and equipment, net 5 Other assets 6 Total assets Dec. 31, 2017 Dec. 31, 2016 Dec. 31, 2015 27,000 $ 25,100 28,880 $ 10,990 25,600 28,700 870 58,450 $ 810 52,900 37,400