Toy Shop Inc. has provided the following income statements: Requirement:
(1) Compute net profit margin for each year.
(2) Discuss some of the events that could have caused the changes to the net profit margin based on the income statement information above.

Question

Toy Shop Inc. has provided the following income statements:  Requirement:
(1) Compute net profit margin for each year.
(2) Discuss some of the events that could have caused the changes to the net profit margin based on the income statement information above.

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The Answer of Toy Shop Inc. has provided the following income statements:  Requirement:
(1) Compute net profit margin for each year.
(2) Discuss some of the events that could have caused the changes to the net profit margin based on the income statement information above.