E15-20 (similar to) Variline, Inc.'s comparative income statement follows. The 2017 data are given as needed (Click the icon to view the data.) Read the requirements Requirement 1. Calculate the profit margin ratio for 2019 and 2018 Bogin by selecting the formula to calculate the profit margin ratio Profit margin ratio Data Table 2017 Variline, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Dollars in thousands Net Sales Revenue $ 188,000 $ 155,000 Cost of Goods Sold 95,500 84.000 Selling and Administrative Expenses 49.500 39,500 Interest Expense 9.000 11,000 Income Tax Expense 13,000 11,500 $ 21,000 $ 9,000 Not Income Print Done - X Data Table 95,500 84.000 Cost of Goods Sold 49,500 Selling and Administrative Expenses Interest Expense 9,000 13,000 39,500 11,000 11,500 Income Tax Expense $ 21,000 $ 9,000 Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends $ 206.000 $ 186,000 $ 169,000 92.000 85,500 77,000 3,000 3.000 0 Common Shares Outstanding During the Year 20.000 20.000 10.000 Print Done 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 $0.58 per share. 7. Did the company's operating performance improve or deteriorate during 2019