Income statement and partial balance sheet

Use return on assets to determine whether or not the company was profitable. Begin by identifying the formula to calculate return on assets.

Compute the return on assets for the year ended January $31,2020.($Round to one decimal place.$)$

The return on assets for the year ended January $31,2020,$ is $\%.$

Compute the return on assets for the year ended January $31,2019.($Round to one decimal place.$)$

The return on assets for the year ended January $31,2019,$ is $\%.$

What factors contributed to the change in return on assets during the year? $($Only complete the necessary answer boxes.$)$