Carlo Works, Inc.'s comparative income statement follows. Use this information to calculate the following ratios. 1. Calculate the profit margin ratio for 2020 and 2019. (Net income )/( Net Sales )= Profit margin ratio 2. Calculate the rate of return on total assets for 2020 and 2019. (Net income + Interest expense )/( Average total assets )= Rate of return on total assets \begin{tabular}{llll} 2020: ($ & +$ & )/($ & \\ 2019:($ & +$ & )/($ & % \end{tabular} 3. Calculate the asset turnover ratio for 2020 and 2019. (Net sales ) / (Average total assets ) = Asset turnover ratio 4. Calculate the rate of return on common stockholders' equity for 2020 and 2019. (Net income - Preferred Dividends ) / (Average Common Stockholders Equity) = Rate of Return on Common Stockholders Equity \begin{tabular}{|c|c|c|c|} \hline 2020: (\$ & $ & )/($ & )= \\ \hline 019: ( \$ & $ & )/($ & )= \\ \hline \end{tabular} 5. Calculate the earnings per share for 2020 and 2019. (Net income - Preferred Dividends ) / (Weighted average number of common shares outstanding ) = Earnings per share \begin{tabular}{|c|c|c|c|} \hline 2020: (\$ & $ & )/($ & )=$ \\ \hline 019: ( \$ & $ & )/($ & )= \\ \hline \end{tabular} 6. Calculate the 2020 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.65 per share. (Annual dividend per share ) / (Earnings per share ) = Dividend payout 2020:($)/($