Kijijo Auctions runs an online auction company. Its end- of- year financial statements indicate the following results. Calculate the company's net profit margin expressed as a percent (to one decimal place) and indicate whether it represents an improvement or deterioration relative to the 15.0 per-cent net profit margin earned in the previous year.

Total assets = $ 100,000 Total liabilities = $ 60,000 Common stock = $ 10,000 Dividends = $ 5,000 Expenses = $ 80,000 Retained earnings (beginning of year) = $ 15,000.