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Vaughn, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the profit margin ratio for 2025 and 2024. Begin by selecting the formula to calculate the profit margin ratio. Profit margin ratio = Net income - Net sales revenue Now, calculate the profit margin ratio for 2025 and 2024. (Round your answers to one tenth of a percent, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) Profit margin ratio % 2025 % 2024 % Vaughn, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 2025 2024 2023 $ 188,000 $ 156,000 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses 94,500 88,500 48,000 43,000 Interest Expense 10,000 10,500 11,500 8,500 Income Tax Expense $ 25,000 $ 4,500 Net Income Additional data: $ 204,000 $ 194,000 $ 175,000 91,500 85,000 81,000 Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year 2,000 2,000 0 20,000 20,000 10,000 Requirements 1. 2. 3. 4. Calculate the profit margin ratio for 2025 and 2024. Calculate the rate of return on total assets for 2025 and 2024. Calculate the asset turnover ratio for 2025 and 2024. Calculate the rate of return on common stockholders' equity for 2025 and 2024. Calculate the earnings per share for 2025 and 2024. Calculate the 2025 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.83 per share. Did the company's operating performance improve or deteriorate during 2025? 5. 6. 7