The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream

The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager. Your duties include maintaining the store's financial records. The following transactions occurred in February, the first month of operations. a. Received four shareholders' contributions totaling $27,900 cash to form the corporation; issued 400 shares of $0.10 par value common stock. b. Paid three months' rent for the store at $1,820 per month (recorded as prepaid expenses). c. Purchased and received candy for $6,100 on account, due in 60 days. d. Purchased supplies for $1,330 cash. e. Negotiated atid signed a two-year $10,000 loan at the bank, receiving cash at the time. f. Used the money from (e) to purchase a computer for $3,350 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store. g. Placed a grand opening advertisement in the local paper for $420 cash; the ad ran in the current month. h. Made sales on Valentine's Day totaling $3,300; $2,685 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,500. 1. Made a $610 payment on accounts payable. J. Incurred and paid employee wages of $1,500. k. Collected accounts receivable of $150 from customers. I. Made a repair to one of the display cases for $130 cash. m. Made cash sales of $3,300 during the rest of the month. The cost of the candy sold was $2,110.
5. After three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available: Total assets Total liabilities Total stockholders' equity Net sales revenue Net income 2021 $87,500 49,000 38,500 92,000 22,600 2020 $49,000 20,500 28,500 78,000 11,700 2019 $43,000 13,000 30,000 51,000 4,500 "At the end of 2021, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the store's opening in early 2022. 5-a. Compute the net profit margin ratio for each year. (Round your answers to 1 decimal place.) 2021 2020 Net Profit Margin Ratio % % 2019 %