Micatin, Inc.’s comparative income statement follows. The 2023 data are given as needed.

Requirements
1. Calculate the profit margin ratio for 2025 and 2024.
2. Calculate the rate of return on total assets for 2025 and 2024.
3. Calculate the asset turnover ratio for 2025 and 2024.
4. Calculate the rate of return on common stockholders’ equity for 2025 and 2024.
5. Calculate the earnings per share for 2025 and 2024.
6. Calculate the 2025 dividend payout on common stock. Assume dividends per share for common stock are equal to $1.13 per share.
7. Did the company’s operating performance improve or deteriorate during 2025?

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MICATIN INC. Comparative Income Statement Years Ended December 31, 2025 and 2024 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year 2025 $ 181,000 93,500 45,000 8,000 7,000 $ 27,500 $ 209,000 96,000 2,000 15,000 2024 $ 160,000 86,500 40,500 12,000 4,400 $ 16,600 $ 187,000 91,500 2,000 15,000 2023 $ 167,000 80,500 0 10,000