Carlo Works, Inc.

Comparative Income Statement

For Years Ending Dec. $31,2020$ and $20191.$ Calculate the profit margin ratio for $2020$ and $2019.$

$2020201920182.$ Calculate the rate of return on total assets for $2020$ and $2019.$

Net Sales $195,000155,0003.$ Calculate the asset turnover ratio for $2020$ and $2019.$

Cost of Goods Sold $97,00089,0004.$ Calculate the rate of return on common stockholders$$ equity for $2020$ and $2019.$

Selling & Administration Exp. $47,20040,5005.$ Calculate the earnings per share for $2020$ and $2019.$

Interest Expense $9,50010,000$

Income Tax Expense $11,0009,400$

Net Income $30,3006,100$

Additional Data:

Total Assets $211,000196,000167,000$

Common Stockholders' Equity $93,00087,50079,000$

Preferred Dividends $1,5002,5000$

Common Shares Outstanding $19,70019,2009,600$