7 of 9 (4 complete) Homework: Chapter Seventeen Homework Score: 0 of 1 pt E17-20 (similar to) McKnight, Inc.'s comparative income statement follows. The 2017 data are given as needed. Click the icon to view the data.) Read the requirements Data Table - x Requirements 1. Calculate the profit margin ratio for 2019 and 2018 2. Calculate the rate of return on total assets for 2019 and 2018 3. Calculate the asset turnover ratio for 2019 and 2018 4. Calculate the rate of return on common stockholders' equity for 2019 and 2018 5. Calculate the earnings per share for 2019 and 2018 6. Calculate the 2019 dividend payout on common stock Assume dividends per share for common stock are equal to $0.43 per share. 7. Did the company's operating performance improve or deteriorate during 2019? McKnight, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Dollars in thousands 2017 Net Sales Revenue $ 185,000 $ 158,000 Cost of Goods Sold 93,000 88,000 Selling and Administrative Expenses 50,000 40,000 Interest Expense 8.500 10,500 Income Tax Expense 12,000 11,000 8,500 $ 21,500 $ Net Income Additional data Total Assets $ 205,000 $ 185,000 $ 165,000 Common Stockholders' Equity 92.500 86,500 77.000 Preferred Dividends 2.500 2.500 Common Shares Outstanding During the Year 30,000 30,000 15.000 Print Done Choose from any drop-down list and then click Check Answer. Print Done